Crypto Market Today, Oct. 26: Bitcoin Slips Below $80,000 as Fed Decision Looms

Crypto slipped on October 26 as traders cut exposure ahead of the Federal Reserve's rate decision on October 28, with Bitcoin falling 0.28% to $79,817 and dipping below the $80,000 level.

Ethereum fell harder, dropping 0.58% to $2,313.61. Solana led the decline among the majors, sliding 0.94% to $100.30. Crypto ETFs posted similar declines, a move that touches spot-product exposure such as IBIT, FBTC, and ETHA.

The article attributes the selling to two factors: profit-taking after a strong Q3 rally and uncertainty over the Fed's upcoming announcement. The moves were modest, all under 1%, which fits a pre-event de-risking pattern rather than a disorderly liquidation. That is interpretation, not a reported fact, but the small magnitudes support it.

The ordering of losses is worth noting. Solana's 0.94% drop outpaced Ethereum's 0.58%, which in turn outpaced Bitcoin's 0.28%. Higher-beta names fell more than the largest asset, a pattern consistent with traders trimming riskier positions first.

Bitcoin's break under $80,000 puts that round number in focus as support, and the article flags it as the level to defend.