Bitcoin Holds Above $80,000 as ETF Inflows Return

Investors assess the Federal Reserve’s policy outlook as institutional demand shows tentative signs of recovery.

Written by Rahul Dhingra, Edited by Rohan Pal | Updated: 28 October 2026 12:40 IST

Bitcoin Holds Above $80,000 as ETF Inflows Return

Photo Credit: Unsplash/Shubham Dhage

Bitcoin and major altcoins record mixed movements as investors await the Fed’s policy decision

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Highlights

US spot Bitcoin ETFs record fresh inflows after recent withdrawals
Markets price in an 82 percent chance of a December rate hike
Giottus advises investors to avoid aggressive buying

Bitcoin traded at roughly Rs. 76.92 lakh on Wednesday as cryptocurrency markets remained cautious ahead of the US Federal Reserve's policy decision. Ethereum (ETH) traded at roughly Rs. 2.24 lakh, while major altcoins moved in mixed directions. Market participants said uncertainty over interest rates, global equity movements and institutional investment flows continued to influence sentiment. However, inflows into US spot Bitcoin exchange-traded funds (ETFs) have offered some support after recent withdrawals. According to CoinGecko data, Bitcoin traded at $80,800 (roughly Rs. 76.9 lakh), while Ethereum was priced at $2,350 (roughly Rs. 2.23 lakh).

The world's largest cryptocurrency rose 1.5 percent in the last 24 hours, according to the Gadgets 360 price tracker. Demand has shown signs of recovery, as US spot Bitcoin ETFs recorded around $110 million (roughly Rs. 104.70 crore) in inflows after two consecutive sessions of outflows totalling $774 million (roughly Rs. 736.69 crore). Bitcoin faced immediate resistance near $80,900-$81,000 (roughly Rs. 77 lakh-Rs. 77.1 lakh), while support lay around $79,000 (roughly Rs. 75.1 lakh).

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Major Altcoins Show Mixed Momentum on Wednesday

Binance Coin (BNB) was priced at $744 (roughly Rs. 70,800), while Solana (SOL) traded at $101 (roughly Rs. 9,600). XRP was priced at $1.33 (roughly Rs. 126), while Dogecoin (DOGE) traded at $0.079 (roughly Rs. 7.6).

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Federal Reserve Guidance and Institutional Flows Remain in Focus

Highlighting the factors influencing Bitcoin's price direction, Prateek Gupta, Head of Business at Mudrex, said, “Bitcoin remains near $80,000 as investors turn cautious ahead of the Fed's decision, with a 4.8 percent drop in China's STAR50 index adding to concerns over stretched AI valuations [...] Exchange data also suggests selling pressure is moderating, with net BTC outflows reaching a five-week high [...] The Fed chair's comments could determine the next directional move.”

Commenting on Bitcoin's recovery, trading levels and institutional activity, Nischal Shetty, Founder of WazirX, said, “Crypto markets extended their recovery as stronger equities, improving US economic data and expectations of a Federal Reserve pause supported participation [...] Global sentiment also improved as the Nasdaq gained 1.18 percent, KOSPI surged 5.18 percent, and volatility declined, while lower oil prices eased inflation pressure. Institutional flows remained divided: US spot Bitcoin ETFs attracted $110.34 million through BlackRock's IBIT, whereas Ethereum ETFs lost $88.58 million.”

Discussing Bitcoin's price outlook, institutional demand and risk management, Vikram Subburaj, CEO of Giottus.com, said, “Institutional demand shows tentative improvement. US spot Bitcoin ETFs recorded $635.6 million (roughly Rs. 6,051 crore) in net outflows on October 22 and another $137.9 million (roughly Rs. 1,312 crore) on October 23. Inflows returned on October 26, with $110.3 million (roughly Rs. 104.7 crore) in net buying [...] Investors should avoid aggressive buying ahead of the Fed announcement. Consider staggered entries, maintain measured position sizes and monitor Bitcoin's $79,000 (roughly Rs. 75.2 lakh) support.”

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Overall, analysts said Bitcoin's performance remains closely linked to the Federal Reserve's policy guidance, global equity movements and institutional investment flows. Bitcoin's ability to maintain support around $79,000 (roughly Rs. 75.2 lakh) and move past resistance near $82,500 (roughly Rs. 78.5 lakh) could help determine its next direction.

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Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.

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Further reading: Crypto markets, Crypto Prices, Bitcoin, Ethereum

Rahul Dhingra

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Rahul Dhingra is a crypto writer at Gadgets 360, where he covers the exciting world of Cryptocurrency, Blockchain, Defi and Web3. Before joining Gadgets 360, he worked as a content specialist for a European-based Crypto Exchange. Rahul loves storytelling, not just through the written word but also through the visual medium. Beyond his professional life, Rahul is a sports fanatic. Whether it’s cricket or football, his passion for the game is contagious. More