Top Story
The Federal Reserve held its benchmark rate at 3.75% to 4.00% on 28 October. The FOMC voted 10-2 to keep the target range unchanged. Cleveland Fed President Beth Hammack and Governor Lisa Cook dissented in favor of a quarter-point hike.
Chair Kevin Warsh said inflation has been above target for nearly six years. The December rate decision will draw on new data, and the Fed is shrinking its rate-setting calendar. Markets read the hold as hawkish.
Bitcoin fell below $80,000 on 29 October as Samsung-led weakness in technology stocks joined the hawkish hold. CoinDesk reported $356M in crypto futures liquidations over 24 hours, with $205M from longs. Other trackers put the total between $259M and $355M. Fear & Greed read 50, and funding stayed near neutral at 0.0064% per 8 hours for Bitcoin.
Spot Bitcoin ETF flows conflict across reports. One report showed $286M in two-day inflows, while another cited about $772M in two-day outflows. Roughly $11B in Bitcoin options expires on 30 October.
Major Price Moves
Market Overview
Bitcoin ranked first at $79,971.26, down 1.08% over 24 hours on $30.81B of volume. Ethereum ranked second at $2,313.62, down 1.54% on $19.18B. Stablecoins held flat while SOL and XRP slid.
Top 10 Gainers
| Coin (symbol + name) | Price | 24h % | 24h Volume | |
|---|---|---|---|---|
| ASTRO (astronaut) | $0.0157047 | 25,364.54% | $29.67M | |
| GTA6 (GTA VI) | $0.0130329 | 167.78% | $6.38M | |
| IDOL (MEET48) | $0.0131059 | 56.79% | $27.84M | |
| ZEUS (Zeus Network) | $0.00755991 | 35.12% | $14.97M | |
| MPLX (Metaplex) | $0.0622511 | 24.79% | $92.27M | |
| ON (Orochi Network) | $0.179037 | 22.85% | $14.80M | |
| QUID (Squid) | $0.0731418 | 22.13% | $31.53M | |
| INIT (Initia) | $0.2121 | 21.96% | $92.73M | |
| WGRX (Wrapped GRX) | $21.9008 | 17.36% | $8.13M | |
| NAORIS (NaoX Protocol) | $0.0343019 | 16.73% | $6.28M |
Aggregators report widely different figures for ASTRO, and no catalyst was confirmed for its move.
Top 10 Losers
| Coin (symbol + name) | Price | 24h % | 24h Volume | |
|---|---|---|---|---|
| LGNS (Anubis Bridged LGNS) | $0.0530671 | -28.63% | $2.71M | |
| JASMY (JasmyCoin) | $0.00370514 | -12.58% | $24.66M | |
| GRASS (Grass) | $0.648859 | -12.35% | $25.51M | |
| Q (Quack AI) | $0.0500476 | -12.05% | $101.60M | |
| RAIN (Rain) | $0.00635243 | -10.16% | $18.09M | |
| M (MemeCore) | $1.03781 | -7.69% | $3.60M | |
| RAY (Raydium) | $1.64338 | -7.13% | $40.22M | |
| ZAMA (Zama) | $0.0726546 | -6.89% | $99.37M | |
| BAT (Basic Attention) | $0.138585 | -6.59% | $27.27M | |
| SYRUP (Maple Finance) | $0.162349 | -6.53% | $7.79M |
Top 20 by Market Cap
| Rank | Coin (symbol + name) | Price | 24h % | 24h Volume | |
|---|---|---|---|---|---|
| 1 | BTC (Bitcoin) | $79,971.26 | -1.08% | $30.81B | |
| 2 | ETH (Ethereum) | $2,313.62 | -1.54% | $19.18B | |
| 3 | USDT (Tether) | $0.998938 | 0.02% | $47.72B | |
| 4 | BNB (BNB) | $752.70 | 1.10% | $765.81M | |
| 5 | XRP (XRP) | $1.29419 | -2.34% | $2.22B | |
| 6 | USDC (USDC) | $0.99945 | 0.01% | $13.36B | |
| 7 | SOL (Solana) | $100.05 | -1.79% | $3.71B | |
| 8 | TRX (TRON) | $0.331441 | 0.07% | $275.63M | |
| 9 | STETH (Lido Staked Ether) | $2,309.27 | -1.72% | $12.07M | |
| 10 | ZEC (Zcash) | $1,245.01 | -4.59% | $3.22B | |
| 11 | HYPE (Hyperliquid) | $78.9063 | -2.61% | $822.88M | |
| 12 | DOGE (Dogecoin) | $0.0780357 | -2.09% | $823.85M | |
| 13 | XMR (Monero) | $591.25 | -2.99% | $109.67M | |
| 14 | WSTETH (Wrapped stETH) | $2,881.48 | -1.69% | $4.04M | |
| 15 | USDS (USDS) | $0.999792 | n/a | $305.20M | |
| 16 | WBTC (Wrapped Bitcoin) | $79,762.17 | -1.10% | $138.49M | |
| 17 | BSC-USD (Binance Bridged USDT) | $0.998938 | 0.02% | $666.12M | |
| 18 | WBT (WhiteBIT Coin) | $76.6340 | -1.27% | $32.14M | |
| 19 | WBETH (Wrapped Beacon ETH) | $2,562.02 | -1.57% | $2.99M | |
| 20 | LINK (Chainlink) | $11.4341 | -2.50% | $473.55M |
Other Key Events
Coinbase discloses vendor data exposure
Coinbase said analytics vendor Amplitude suffered a security incident that exposed a "small subset" of customer contact data. Coinbase said there was no unauthorized access to its own systems and customer funds were not affected. Claims that more than 70,000 users were hit remain unverified, and Coinbase has not given a number.
DTCC tokenization goes live
The Depository Trust & Clearing Corporation's tokenization service launched on the Canton Network and the Besu private chain. JPMorgan, Citi and Morgan Stanley are among 20 firms signed up.
In Brief
- ENS v2 launched on Ethereum, and NFT claims now require name upgrades.
- Ripple's RLUSD received a Moody's investment-grade rating and Coinbase access. Ripple National Trust Bank won final OCC approval on 26 October to manage RLUSD reserves.
- Strategy holds 848,517 Bitcoin, and its shareholders approved daily dividend payments across four preferred stocks.
- GRASS had a scheduled token unlock on 28 October, the only dated catalyst found for its 12.35% drop. Trackers disagree on size, ranging from 2.71M to 31.58M tokens.
- No catalyst was confirmed for the moves in ASTRO, IDOL or LGNS. JASMY's exchange delistings date to 14 and 15 September.
What to Watch
- Bitcoin options worth roughly $11B expire on 30 October.
- Bitcoin needs to reclaim $80,000. Ethereum needs to hold $2,300, below its $2,313.62 close.
- The XRP Ledger fixCleanup3_4_0 amendment is due on 4 November.
- GRASS has its next unlock on 27 November, about 2.71M tokens according to DefiLlama.
- Official daily issuer data should resolve the conflicting Bitcoin ETF flow reports.