Crypto prices today are drifting lower, as if the market is holding its breath, waiting for the U.S. Federal Reserve’s policy update-a moment as tense as a midnight stroll through a foggy forest. 🌫️
00 PM ET, followed by Chair Jerome Powell’s press conference half an hour later. It’s the financial world’s version of a suspenseful thriller-no popcorn, just heart palpitations. 🍿
ETF inflows boost sentiment
Meanwhile, institutional inflows continue to offer a counterweight to the macro nerves. U.S. spot Bitcoin exchange-traded funds drew $202 million in net inflows on Oct. 28, and Ethereum funds added $246 million. This shows steady interest from professional investors despite the subdued trading tone. It’s like a group of stoic philosophers debating the meaning of life-only with more spreadsheets. 📊
The next move likely hinges on the Fed’s tone whether it leans toward more easing or keeps a firmer hand on rates. Rate cuts historically fuel crypto rallies. A dovish tone could push BTC toward $115,000-$118,000 area. Anything less might lead to a retest of the $108,000 support. It’s a game of chess where the pieces are made of glass and the stakes are higher than a casino’s roulette table. 🎲
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2025-10-29 09:25