Cryptocurrency

FOMC

Green

Flash

Kevin

Bitcoin’s price has soared by around $2,000 over the past day as markets are preparing for the second-to-last US Federal Reserve FOMC meeting of the year later today.
The altcoins have turned green as well, with ETH nearing $2,400 and XRP reclaiming the key $1.30 support. BTW and PEPE have rocketed once again.
<h2 id="btc-above-81k-ahead-of-fomc">BTC Above $81K Ahead of FOMC</h2>
The primary cryptocurrency faced a sharp rejection precisely a week ago when the bulls managed to push it to a 14-day peak of $85,000. However, that was short-lived, and the asset quickly tumbled by over two grand. The adverse price developments intensified as the week progressed, and BTC was close to breaking below $80,000 by Friday.
Although it defended that level at first, the bears ultimately broke past it on Saturday when bitcoin tanked to a 5-week low of $79,100. It tried to rebound on Sunday but was halted at $81,000 and <a href="https://cryptopotato.com/qnt-resumes-recent-bull-rally-with-16-surge-btc-fights-for-80k-market-watch/" rel="noopener noreferrer nofollow">dipped</a> below $80,000 on a couple more occasions.
The beginning of the current business week didn’t provide the necessary relief rally, and BTC <a href="https://cryptopotato.com/a-perfect-storm-for-bitcoin-fed-pce-gdp-and-big-tech-earnings-ahead/" rel="noopener noreferrer nofollow">stood</a> below $80,000 for a while. Interestingly, it shot up earlier today to over $80,000, while the bulls initiated another leg up minutes ago to $81,650. Bitcoin remains at around $81,500 as of press time, but more volatility is <a href="https://cryptopotato.com/a-perfect-storm-for-bitcoin-fed-pce-gdp-and-big-tech-earnings-ahead/" rel="noopener noreferrer nofollow">expected</a> today after the conclusion of the FOMC meeting and the subsequent Kevin Warsh speech.
For now, its market cap has risen to $1.630 trillion, while its dominance over the alts has reclaimed the 60% line on CMC.
<figure style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2026/10/BTCUSD-October-28.png" rel="noopener noreferrer nofollow"><img src="https://cryptopotato.com/wp-content/uploads/2026/10/BTCUSD-October-28.png" alt="BTCUSD October 28. Source: TradingView" width="1835" height="917"></a>
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 BTCUSD October 28. Source: TradingView
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<h2 id="alts-flash-green">Alts Flash Green</h2>
Ethereum is up by 3% in the past day and now sits close to $2,400 again. BNB is above $750, while XRP’s 3% pump has pushed it further above the crucial $1.30 support. SOL has rebounded from its sub-$100 dip, while HYPE, DOGE, XMR, and LINK have posted gains of up to 5%.
ZEC, NEAR, and BCH are the most impressive gainers out of the top 15-20 alts. BTW has soared by almost 30%, followed by PEPE’s 16% rise and M’s 12% jump.
The cumulative market cap of all crypto assets has regained over $40 billion in a day and now sits above $2.710 trillion on CMC.
<figure style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2026/10/Screenshot-2026-10-28-105836.png" rel="noopener noreferrer nofollow"><img src="https://cryptopotato.com/wp-content/uploads/2026/10/Screenshot-2026-10-28-105836.png" alt="Cryptocurrency Market Overview October 28. Source: QuantifyCrypto" width="1882" height="828"></a>
 <figcaption>
 Cryptocurrency Market Overview October 28. Source: QuantifyCrypto
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The post <a href="https://cryptopotato.com/bitcoin-reclaims-81k-ahead-of-fomc-meeting-m-pumps-by-12-market-watch/" rel="noopener noreferrer nofollow">Bitcoin Reclaims $81K Ahead of FOMC Meeting, M Pumps by 12%: Market Watch</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Bitcoin Reclaims $81K Ahead of FOMC Meeting, M Pumps by 12%: Market Watch

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