Key Takeaways
- • Bitcoin fell nearly 2% to around $79,800 as traders reduced risk ahead of the Federal Reserve's upcoming meeting, where a possible December rate hike is anticipated.
- • Ether and XRP also declined amid a broader sell-off in Asian tech stocks, driven by concerns over AI sector performance and a Goldman Sachs downgrade of South Korea's Kospi index.
- • Investors are watching Fed Chair Kevin Warsh's comments for clues on future rate moves, which could tighten liquidity and pressure both crypto and equity markets.
- • Bitcoin needs to reclaim $82,500 to restore buyer confidence after recent losses, according to the Pluang report.
Summary
Bitcoin dropped nearly 2% to roughly $79,800, according to the source article, as traders scaled back risk ahead of the Federal Reserve's upcoming policy meeting. A possible rate hike in December is being anticipated, and market participants are closely monitoring Fed Chair Kevin Warsh's remarks for guidance on the path of interest rates.
The decline extended across digital assets. Ether and XRP also fell, while the move occurred alongside a broader sell-off in Asian technology stocks. The article attributes the equity weakness to concerns over the performance of the artificial intelligence sector and a downgrade of South Korea's Kospi index by Goldman Sachs. The source argues that tighter liquidity resulting from a hawkish Fed could pressure both crypto and stock markets.
On the Pluang platform, as of 11:51 WIB on October 26, 2026, Bitcoin traded at Rp1,445,178,183, down 1.11% over the prior day. XRP fell a steeper 1.92% to Rp23,193, and Binance Coin (BNB) declined 0.81% to Rp13,369,157. Bitcoin remained the largest asset by market capitalization at Rp29,131.36 trillion, compared with XRP at Rp1,467.67 trillion and BNB at Rp1,765.5 trillion.
Technical analysts cited in related coverage have identified $82,000 and $80,000 as broken support levels, with $79,000, $75,000 and $71,000 as the next watched supports. The article notes Bitcoin must reclaim $82,500 to restore buyer confidence.
The decline extended across digital assets. Ether and XRP also fell, while the move occurred alongside a broader sell-off in Asian technology stocks. The article attributes the equity weakness to concerns over the performance of the artificial intelligence sector and a downgrade of South Korea's Kospi index by Goldman Sachs. The source argues that tighter liquidity resulting from a hawkish Fed could pressure both crypto and stock markets.
On the Pluang platform, as of 11:51 WIB on October 26, 2026, Bitcoin traded at Rp1,445,178,183, down 1.11% over the prior day. XRP fell a steeper 1.92% to Rp23,193, and Binance Coin (BNB) declined 0.81% to Rp13,369,157. Bitcoin remained the largest asset by market capitalization at Rp29,131.36 trillion, compared with XRP at Rp1,467.67 trillion and BNB at Rp1,765.5 trillion.
Technical analysts cited in related coverage have identified $82,000 and $80,000 as broken support levels, with $79,000, $75,000 and $71,000 as the next watched supports. The article notes Bitcoin must reclaim $82,500 to restore buyer confidence.
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