Hardware Ready Ready to Bench?
On October 26, 2026, Bitcoin’s price recorded a downward movement that brought it below the $80,000 threshold. Earlier in the same day, the asset had remained stable near $80,400 before breaking this psychological level. This trend coincides with a phase where market operators are actively reducing risk exposure. Caution is driven by the imminent Federal Reserve decision, expected on Wednesday, and the concurrent US midterm elections.
Why it matters
The Fed meeting represents a significant macroeconomic benchmark for global markets. Traders are adopting a more prudent posture, as evidenced by the decline in the artificial intelligence sector on Asian stock exchanges and outflows recorded from ETFs. In this context, high-market-cap cryptocurrencies have shown weakness: Ether and XRP registered the largest losses among major digital assets. Furthermore, the market also reacted to concerns regarding the situation in Iran, which influenced a week characterized by significant corporate earnings and the release of key economic data.
The numbers
Bitcoin’s price broke below the $80,000 level after oscillating around $80,400 in previous hours. According to Tim Sun of HashKey, the next key support level to monitor is set at $75,000. On the macroeconomic front, Goldman Sachs reduced its target for the Kospi index by 25%, a figure that reflects an atmosphere of uncertainty extending beyond digital markets and involving Asian stock exchanges as well.
What remains to be understood
It remains to be seen how the Fed’s decision will concretely influence capital flows toward risk assets. Additionally, the impact of the midterm elections on market sentiment is not yet precisely quantifiable. Sources agree on the break below the $80,000 level, but the duration of this phase will depend on the outcome of the FOMC meeting and key economic data released during the week. In the morning, partial relief was observed with falling oil prices and interest rates, but future direction remains tied to macroeconomic developments.
Sources: CoinDesk, CoinDesk, Decrypt, Decrypt, Bitcoin Magazine, Unchained.
This article is for informational purposes only and does not constitute financial advice or an investment recommendation.
* Content created with the assistance of artificial intelligence systems.