According to Woofun AI, on the evening of October 28, the cryptocurrency market showed a moderate upward trend after the Federal Reserve's resolution was implemented. Bitcoin (BTC) closed at $81,220.35, up 0.52%; Ethereum (ETH) closed at $2,363.24, up 0.68%; and Solana (SOL) closed at $102.60, up 1.33%.
Despite intense macroeconomic dynamics this week, the market did not experience sharp fluctuations; on the contrary, policy uncertainty was absorbed by the continuous rise. The core driving force behind this phenomenon is that the Federal Reserve kept the benchmark interest rate in the range of 3.75% to 4%. This decision fully met market expectations, thus eliminating the risk of short-term policy shocks.
However, the central bank clearly stated in its statement that the level of inflation remains high, reserving the possibility of raising interest rates again in the future, which cast a shadow over market sentiment. Investors' current attention has rapidly shifted from monetary policy to corporate fundamentals, particularly tech giants that are about to release earnings reports. Their performance will directly determine whether the market can continue its current recovery momentum.
The transmission mechanism from macroeconomic policies to microenterprise performance is reshaping market logic. Although the Federal Reserve kept interest rates unchanged, its wary attitude towards inflation meant that the liquidity environment was not substantially relaxed. In this context, Alphabet (GOOGL.US) (+1.34% increase), (GOOG, increase +1.60%), Microsoft (MSFT.US) (decrease -0.06%), and ServiceNow (NOW.US) (decrease -3.00%) plan to release financial reports after the market closes on Wednesday. The performance of these companies will be a key indicator of economic resilience.
If the financial reports of these well-known technology companies do not perform well, it is likely to have a negative impact on overall market sentiment, thereby suppressing the recent rise in cryptocurrencies. Notably, Amazon (AMZN.US) and Intel (INTC.US) plan to release financial reports after the market closes this Thursday, further extending the market's uncertain window. These financial reports not only reflect corporate profitability, but also reveal consumer and corporate spending, as well as AI infrastructure trends driving recent market growth. For cryptocurrency investors, the next market direction depends not only on internal dynamics within the digital asset industry, but also on the broader market developments described above.
According to data compiled by Woofun AI, the performance of spot cryptocurrency ETFs has been relatively steady recently, providing some support to the market. iShares Bitcoin Trust ETF (IBIT.US) (+0.96% increase) rose 0.96%, Fidelity Wise Origin Bitcoin Fund (FBTC.US) (+0.94% increase) rose 1.01%, and iShares Ethereum Trust ETF (ETHA.US) (+1.07% increase) also rose 1.07%. Whether these price increases can be converted into a recovery in investor demand is an important sign to determine whether the market is stabilizing.
Continued inflows of ETF funds will be a stronger indication that institutional money is reallocating risky assets. However, the current recovery is far from strong enough. If poor financial performance or inflation issues raise concerns again, it is likely that sales will soon gain the upper hand again. What is gratifying is that despite the recent pullback, the prices of several mainstream cryptocurrencies are still above summer lows, showing some support at the bottom. However, whether this support is strong, we still need to observe the subsequent evolution of capital flows and market sentiment.
Looking at the broader market rankings, as of October 28, 2026 at 20:17 UTC, the top ten best-performing cryptocurrencies are as follows: Bitcoin (BTC) price of $81,220.35, 24-hour increase +0.5%, 7-day increase -3.4%; Ethereum (ETH) price of $2,363.24, 24-hour increase +0.7%, 7-day increase of -5.1%; Tether (USDT) price of $0.9993, 24-hour increase + 0.1%, 7-day increase -0.0%; Binance Coin (BNB) price $754.47, 24-hour increase +0.9%, 7-day increase +0.8%; Ripple (XRP) price $1.33, 24-hour increase +0.6%, 7-day increase -3.8%; USDC price $0.9995, 24-hour increase +0.0%, 7-day increase -0.0%; Solana (SOL) price $102.60, 24-hour increase +1.3%, 7-day increase -4.8%; Wave Field (TRX) price $0.3294, 24-hour increase -0.2%, 7-day increase -0.8%; Figure Heloc (FIGR_HELOC) price $1.03, 24-hour increase +1.4%, 7-day increase +2.6%; ZEC price $1,298.52, 24-hour increase -0.0%, 7-day increase -3.3%. The ranking is based on market capitalization.
This data structure shows that although leading assets such as BTC and ETH recorded positive gains within 24 hours, the 7-day gains were negative, indicating that the short-term rebound has not reversed the medium-term adjustment trend. The 7-day positive gains of BNB and FIGR_HELOC showed the relative strength of some assets, but the overall market was still suppressed by macro-sentiment. This is a typical characteristic of the market entering the financial report verification period following the Federal Reserve's decision. Investors need to pay close attention to the transmission effect of tech giants' performance on risk appetite.