Fed Pause Triggers $342M Crypto Liquidation Amidst Mixed Market Moves
A $342 million liquidation wave hit BTC and XRP longs after the Fed's decision, while HYPE token surged on investor backing.
A $342 million liquidation wave hit BTC and XRP longs after the Fed's decision, while HYPE token surged on investor backing. Bitcoin (BTC) is trading at ₹73,87,957 ($77,727.00), up 0.3% since this brief published. This is an original Token Times brief based on reporting by U.Today, with live market data added, as of Sun, 01 Nov 2026 12:30:01 UTC.
The Federal Reserve's decision to pause interest rate hikes triggered significant volatility, leading to substantial liquidations in BTC and XRP leveraged positions. This highlights the sensitivity of crypto markets to macroeconomic policy shifts and their vulnerability to leveraged trading risks.
- Fed rate pause caused $342M in crypto liquidations, primarily in BTC and XRP.
- Bitcoin and XRP prices remain relatively stable despite liquidation wave.
- HYPE token surged 9% after receiving backing from investor Stanley Druckenmiller.
- Crypto market cap holds steady at $2.67T amid mixed investor sentiment.
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- Fed Pause Triggers $342M Crypto Liquidation Amidst Mixed Market Moves — this brief
On October 29, the Federal Reserve's decision to pause interest rate hikes triggered a significant wave of liquidations in the crypto market, with $342 million in BTC and 
XRP leveraged positions being liquidated. This event underscores the sensitivity of the crypto market to macroeconomic policy shifts and the risks associated with leveraged trading.
Despite the substantial liquidation, the prices of 
Bitcoin and XRP remained relatively stable. Bitcoin is currently trading at $47,478, up 0.32% in the last 24 hours, while XRP is at $1.25, down 0.45% over the same period. This suggests that the market absorbed the shock without a major downturn.
In contrast, the HYPE token surged by 9% after receiving public backing from investor Stanley Druckenmiller. This highlights the impact of high-profile endorsements on the value of specific crypto assets, even amidst broader market volatility.
The overall crypto market cap remains steady at $2.67 trillion, reflecting a mixed sentiment among investors. The Fear & Greed index currently stands at 34, indicating a 'Fear' sentiment, which suggests that while some investors are cautious, others see opportunities in the market.
The Fed's decision and its impact on the crypto market will be closely watched in the coming days. Traders and investors will be monitoring how the market adjusts to macroeconomic policy changes and whether other tokens experience similar volatility.
Since this brief published about 3 days ago, Bitcoin (BTC) has moved from ₹73,64,289.48$77,478.00 to ₹73,87,956.95$77,727.00 — +0.32%.
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.
At today's peer-to-peer rate, 1 BTC ≈ ₹8.01M (about $77,727.00), up 0.3% over 24 hours. The rupee itself trades about 8.5% 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.
Fed Pause Triggers $342M Crypto Liquidation Amidst Mixed Mar — questions & answers
What caused the $342 million crypto liquidation?
The liquidation was triggered by the Federal Reserve's decision to pause interest rate hikes.
How did Bitcoin and XRP prices react?
Bitcoin rose 0.32% to $47,478, while XRP fell 0.45% to $1.25, indicating mixed reactions.
Why did the HYPE token surge?
The HYPE token surged 9% after receiving backing from investor Stanley Druckenmiller.
How much is 1 Bitcoin worth in rupee today?
About ₹8.01M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $77,727.00. 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 up 0.32% since this brief first published — trading at ₹73,87,957 ($77,727.00) now versus ₹73,64,289 ($77,478.00) 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 U.Today. 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.