Bitcoin traded largely flat for a third consecutive day as the Federal Reserve held rates steady in October.

Cryptocurrency	Ticker	Price
Bitcoin	(CRYPTO: BTC)	$80,733
Ethereum	(CRYPTO: ETH)	$2,340
Solana	(CRYPTO: SOL)	$101.17
XRP	(CRYPTO: XRP)	$1.31
Dogecoin	(CRYPTO: DOGE)	$0.07903
Shiba Inu	(CRYPTO: SHIB)	$0.05491

Notable Statistics:

• Coinglass data shows 58,424 traders were liquidated in the past 24 hours for $165.54 million.       
• SoSoValue data shows net inflows of $175.99 million from spot Bitcoin ETFs on Tuesday. Spot Ethereum ETFs saw net outflows of $60.22 million.
• In the past 24 hours, top gainers include Bitway, Pepe and MemeCore.

Notable Developments:

• Ripple’s RLUSD Earns First-Ever Moody’s Investment-Grade Stablecoin Rating as Market Cap Doubles
• Bitcoin Undervalued at $80,000? Expert Says It’s ‘Climbing Wall of Worry’
• Ripple CEO Opens Conference ‘With a Bang:’ The 4 Announcements He Made
• Scaramucci Calls Elizabeth Warren ‘the Joke of Jokes,’ Accuses Her of Echoing Bank Lobbyists
• Ripple Expands From Robinhood to Coinbase as RLUSD Gains Ground
• Scott Bessent Has a New Strategy to Keep the Dollar on Top: ‘Win in the Digital Asset Stack’

Trader Notes:

Crypto chart analyst Ali Martinez predicts Bitcoin could face selling pressure following the FOMC decision, with whale profit-taking and weakening U.S. demand signaling downside risks.

• Whale selling: Large holders realized almost $156 million in profits and reduced holdings by 8,162 BTC, worth roughly $664 million, over 24 hours.
• Weak U.S. demand: Coinbase Premium Index dropped to -0.17, one of its lowest readings since September, suggesting weaker buying interest from U.S. investors.
• FOMC volatility: Bitcoin’s initial reaction has historically been relatively muted, with clearer price direction often emerging over the following 24 hours and persisting for a week.

In a bearish scenario, losing $81,000 support could trigger a decline toward $77,000, followed by $67,000.

On the other hand, holding $81,000 and reclaiming $84,500 in a bullish scenario could open the door to $92,000 and potentially $104,000.

Image: Shutterstock

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.