Bitcoin price traded at $79,562 on October 27, 2026, down 1.09% over the preceding 24 hours as the Federal Reserve began a two-day monetary policy meeting.

Key Takeaways

  • Ethereum also fell 1.09% over 24 hours, while the global crypto market capitalization declined 0.67%.
  • US spot Bitcoin ETFs recorded net outflows on October 22 and 23, before the Fed meeting.

Bitcoin price falls alongside Ethereum

Bitcoin was down 2.16% over the preceding week, while Ethereum fell 3.11%. Over 24 hours, BNB, Solana, Tron, Dogecoin and Cardano declined by as much as 1.72%, while XRP and Hyperliquid gained as much as 1%.

The global cryptocurrency market capitalization stood at $2.67 trillion, down 0.67%, based on CoinMarketCap data. The figures are trading snapshots rather than closing prices.

ETF withdrawals and the Fed meeting

US spot Bitcoin exchange-traded funds recorded $635.6 million in net outflows on October 22 and $137.9 million on October 23. Those figures describe fund flows on those two dates, not subsequent trading.

Giottus CEO Vikram Subburaj said uncertainty over the Fed’s policy outlook and renewed selling pressure were weighing on sentiment. The price decline occurred ahead of the central bank’s October 27–28 meeting, but the trading figures alone do not establish what caused the move.

Next milestone

The next confirmed event to watch is the outcome of the Fed’s October 27–28 policy meeting.

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Disclaimer

This FinanceVelix article provides general information, not personalized financial, investment, legal, or tax advice. Market prices, interest rates and economic conditions can change; investments carry a risk of loss. Facts reflect the material available when published and may change. Check important information independently and consult a qualified professional when needed. Mentioning an asset, company, or service is not an endorsement.