Bitcoin, Ether and XRP showed 24-hour losses in a late-Monday snapshot, while BNB edged higher, as traders monitored the Federal Reserve’s meeting and mixed exchange-traded fund flows.
In a CoinMarketCap capture around 5:07 p.m. ET (21:07 UTC) Oct. 26, Bitcoin (BTC) was $79,731.89, down 0.79% over 24 hours. Ether (ETH) stood at $2,304.27, down 1.68%; XRP was $1.29, down 0.56%; and BNB was $740.14, up 0.05%.
CoinDesk linked an earlier Asian-session decline to traders reducing risk before the Fed meeting and weakness in regional technology shares. It reported XRP near $1.28 after a roughly 3% drop, Ether just above $2,300 after falling nearly 3%, and Bitcoin around $79,800 after a decline of almost 2%.
The Federal Open Market Committee (FOMC), the Fed’s rate-setting body, meets Oct. 27-28. At its Sept. 16 meeting, the committee raised the federal funds target range by 25 basis points, to 3.75% to 4.00%. Its statement said, “Inflation remains elevated.”
Farside Investors’ daily figures show U.S. spot Bitcoin ETFs had net outflows of $635.6 million on Oct. 22 and $137.9 million on Oct. 23. Adding the daily figures for Oct. 19-23 gives a positive net flow of $301.2 million. Ether ETFs had a calculated net outflow of $220.7 million over the same five sessions.
On oil, The Associated Press reported that Brent crude settled at $116.72 a barrel on Oct. 23, up 3.1% that day. AP linked higher oil prices to inflation pressure, while Axios reported December Brent futures near $115 at Sunday night’s market open as markets priced in the risk of further escalation in the war with Iran.
The Block, citing CoinGlass data, reported $436.44 million in crypto positions were liquidated during the four-hour period ending at 1 p.m. ET (17:00 UTC) Oct. 24, including $404.15 million in long positions. The FOMC’s press conference is scheduled for Oct. 28.
