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Crypto Market Consolidates as Investors Await FOMC Decision
28 Oct
Summary
- Bitcoin slips 1.4% to $113,873 as traders stay cautious before FOMC
- Ethereum and major altcoins decline over 4% amid market pullback
- Institutions show signs of comeback with $921 million in weekly inflows
On October 29th, 2025, the cryptocurrency market experienced a pullback as Bitcoin slipped 1.4% to $113,873, while Ethereum fell 3.56% to $4,096. Major altcoins, including BNB, XRP, Solana, Dogecoin, Tron, Cardano, and Hyperliquid, also declined over 4%. The global crypto market cap dropped 1.35% to $3.84 trillion.
Traders remained cautious ahead of the upcoming FOMC meeting, with Bitcoin consolidating around $114,500 after testing resistance near $116,000. However, the overall market sentiment is improving, with the Fear-Greed index back to 'Neutral'. Institutions are also showing signs of a comeback, with global crypto investment products seeing $921 million in weekly net inflows. Public companies like MicroStrategy have resumed accumulating Bitcoin, adding $43.4 million worth of the cryptocurrency.
Despite the recent pullback, Bitcoin has gained nearly 5.47% over the past week, while Ethereum has increased by 5.75%. Among the altcoins, Hyperliquid rose by nearly 31.64%, and others also experienced a surge. Analysts believe that the key support for Bitcoin lies around $108,000, with resistance at $120,000, and they see the current consolidation as healthy before a potential year-end breakout.
