Market Todayâ—Ź Neutral
Why is crypto down today? Bitcoin slips 0.77% below $80,000 as Fed and AI fundraising weigh
TradingGain Newsroom··25 Oct 2026, 18:30 UTCBitcoin fell 0.77% over 24 hours to about $79,929, and Ether dropped 1.24% to $2,314. The move was modest, and 163 of 276 tracked coins actually rose. The most likely reasons from the news are traders waiting on the Fed decision and midterm elections, money leaving bitcoin ETFs, and large AI fundraising that may pull investor money away from crypto.
Updated 22:00 ISTRefreshes every 2 hours from live Binance futures data
Market breadth163 / 276coins up in 24h
Fear & Greed50Neutral · yesterday 54
BTC funding0.0100%per 8 hours
BTC open interest-0.14%24h · $7.53B
What moved the market
- Bitcoin dipped below $80,000 as traders waited for the Fed decision and midterm elections, and analysts pointed to money leaving bitcoin ETFs.
- Large AI fundraising, including Anthropic's IPO filing and Meta's $95 billion share sale, may draw investor money away from crypto.
- Funding rates stayed positive, with BTC at 0.01% and ETH at 0.0065% per 8 hours, showing traders still leaning long.
- Bitcoin open interest fell 0.14% over 24 hours, and sentiment cooled slightly, with the Fear and Greed Index at 50 (Neutral), down from 54.
What to watch next
Bitcoin is trading just above first support at $79,616, with $79,117 as the next level down, and HashKey's Tim Sun flags $75,000 as a key level to watch. A move back above resistance at $80,806 and then $81,499 would ease the downward pressure.
Bitcoin levels to watch today
Resistance 2$81,499
Resistance 1$80,806
Pivot$80,308
Support 1$79,616
Support 2$79,117
Classic daily pivot levels for BTC, calculated from the last completed daily candle.
BTCLive chartOpen full chart →
Written by TradingGain from live Binance futures data, the Fear & Greed Index and today's top stories.Live update →