Bitcoin Faces Second Red October With $80,000 Support in Doubt
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Written by
- William Suberg, staff writer
- Charles Bennett, staff editor
BTC price risks $80K loss into FOMC, earnings: Three things to know in Bitcoin this week
Markets
Published: Oct 26, 2026
Bitcoin (BTC) bulls fought for $80,000 support over the weekend ahead of a heavy week of US tech earnings and inflation data.
Key points:
- Fed Rate Decision: Markets expect the Fed to hold interest rates in the 3.75-4% range at its meeting on Wednesday.
- Oil Prices: Brent crude cools to $110 per barrel.
- South Korea’s KOSPI Composite Index: Resumes downside ahead of US corporate earnings results.
- Bitcoin Performance: On track to end October down 4%, mirroring 2025 performance, as $80,000 support appears weak.
Market Focus:
- Fed Watch: Rate-hike pause expected with oil still above $100.
- Economic Data: New US macro data, including the Personal Consumption Expenditures (PCE) index, will be released on Thursday.
- Global Markets: Nerves about AI sector prospects continue to pressure equities, with South Korea’s KOSPI Composite Index closing down 1.5% on Monday.