Bitcoin Holds $80,000 While Ethereum, XRP, Dogecoin Trade Flat

Bitcoin traded largely flat for a third consecutive day as the Federal Reserve held rates steady in October.CryptocurrencyTickerPriceBitcoin$80,733Ethereum$2,340Solana$101.17XRP$1.31Dogecoin$0.07903Shiba Inu$0.05491Notable Statistics:Coinglass data shows 58,424 traders were liquidated in the past 24 hours for $165.54 million. SoSoValue data shows net inflows of $175.99 million from spot Bitcoin ETFs on Tuesday. Spot Ethereum ETFs saw net outflows of $60.22 million.In the past 24 hours, top gainers include Bitway, Pepe and MemeCore.Notable Developments:Scott Bessent Has a New Strategy to Keep the Dollar on Top: ‘Win in the Digital Asset Stack’Trader Notes:Crypto chart analyst Ali Martinez predicts Bitcoin could face selling pressure following the FOMC decision, with whale profit-taking and weakening U.S. demand signaling downside risks.Whale selling: Large holders realized almost $156 million in profits and reduced holdings by 8,162 BTC, worth roughly $664 million, over 24 hours.Weak U.S. demand: Coinbase Premium Index dropped to -0.17, one of its lowest readings since September, suggesting weaker buying interest from U.S. investors.FOMC volatility: Bitcoin’s initial reaction has historically been relatively muted, with clearer price direction often emerging over the following 24 hours and persisting for a week.In a bearish scenario, losing $81,000 support could trigger a decline toward $77,000, followed by $67,000.On the other hand, holding $81,000 and reclaiming $84,500 in a bullish scenario could open the door to $92,000 and potentially $104,000.Preview Image: Shutterstock