Crypto Market Retreats as Fed Meeting Disappoints Traders
Bitcoin and major cryptocurrencies fell after the Federal Reserve's meeting failed to reassure markets.
Bitcoin and major cryptocurrencies fell after the Federal Reserve's meeting failed to reassure markets. Bitcoin (BTC) is trading at ₹76,05,490 ($79,809.00). This is an original Token Times brief based on reporting by CaptainAltcoin, with live market data added, as of Thu, 29 Oct 2026 08:00:02 UTC.
The market's reaction highlights the crypto sector's sensitivity to macroeconomic policy signals and risk sentiment.
- Bitcoin dropped below $80,000 after the Fed meeting.
- Ethereum fell toward $2,300, and Solana dipped below $100.
- Overall crypto market cap declined to $2.74 trillion.
- Investor sentiment remains cautious amid unclear monetary policy signals.
On October 29, the cryptocurrency market is experiencing a downturn, with 
Bitcoin falling below the $80,000 mark. This decline follows the Federal Reserve's recent meeting, which did not deliver the reassuring signals that traders had hoped for regarding future monetary policy.
Bitcoin is currently trading around $79,700-$80,000, marking a 1.13% decrease over the past 24 hours. 
Ethereum has also seen a decline, moving toward $2,300, while Solana has fallen back below $100. These movements reflect a broader trend of risk aversion in the market.
The overall crypto market cap has decreased to $2.74 trillion, indicating a widespread downturn. This development comes amid a backdrop of uncertainty, with the Fear & Greed Index remaining at a Neutral level of 51, suggesting that investor sentiment is cautious but not yet in a state of panic.
The Federal Reserve's meeting appears to have been a catalyst for this market movement, as traders adjust their positions in response to the lack of clarity on monetary policy. The market's reaction underscores the crypto sector's sensitivity to macroeconomic factors and the influence of central bank decisions.
Looking ahead, market participants will be closely watching for any further signals from the Federal Reserve and other central banks. The next key data points and policy announcements will be crucial in determining the direction of the crypto market in the near term.
Since this brief published about 1 hour ago, Bitcoin (BTC) has moved from ₹76,13,018.83$79,888.00 to ₹76,05,490.44$79,809.00 — -0.10%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Will the Fed increase interest rates by 25 bps after the December 2026 meeting?
Crowd-implied probability on Polymarket, ₹44.85M 24h volume, resolves Dec 9 — snapshotted when this brief published (Oct 29 07:05 UTC). A market price reflects what traders collectively expect; it is not a forecast by Token Times and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 BTC ≈ ₹8.02M (about $79,809.00), down 1.4% over 24 hours. The rupee itself trades about 5.4% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 29, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Crypto Market Retreats as Fed Meeting Disappoints Traders — questions & answers
Why did the crypto market decline today?
The decline followed the Federal Reserve's meeting, which failed to reassure traders about monetary policy.
What is Bitcoin's current price and performance?
Bitcoin is at $79,888, down 1.13% in the last 24 hours and 3.48% over the past week.
How has the overall crypto market cap been affected?
The total crypto market cap has fallen to $2.74 trillion amid the market downturn.
How much is 1 Bitcoin worth in rupee today?
About ₹8.02M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $79,809.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is down 0.10% since this brief first published — trading at ₹76,05,490 ($79,809.00) now versus ₹76,13,019 ($79,888.00) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from CaptainAltcoin. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.