Fed Rate Cut Today? BTC, SOL, ADA, XRP, DOGE Slide Ahead of FOMC Meeting

Bitcoin hovered near $113,000 as traders positioned cautiously ahead of the Federal Reserve's policy decision. The FOMC meeting on October 28–29 is expected to result in a 25 basis point cut to benchmark rates, impacting cryptocurrency and risk markets. Bitcoin has remained resilient amid tightening liquidity and a stronger dollar, standing 4.5% higher over the past week but down 0.7% in 24 hours. Other major cryptocurrencies, like Ether and Solana, have also seen slight declines. Analysts note that while short-term risk tolerance has dropped, institutional inflows and ETF demand continue to support crypto markets. Concerns of renewed stress among U.S. regional banks and a cautious Fed add to market uncertainty. The current technical analysis shows Bitcoin maintaining above key moving averages, with a resistance zone identified between $117,000–$120,000. As volatility may increase around the Fed's announcement, attention remains on how these developments will influence market conditions going forward.

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