Bitcoin 
$115,192.63 It continues its movement in the narrow range. The largest cryptocurrency, which is hovering around $ 114,000, is looking for direction before the interest rate decision of the US Federal Reserve (Fed) will be announced this week. Markets are affected by the second interest rate cut of the year FedIt estimates that the benchmark interest rate will be reduced to the range of 4.00–4.25 percent. On the other hand Ethereum 
$4,161.63, solana And BNB There is a decrease of around 2 percent in major altcoins such as. largest memecoin dogecoin 
$0.203221 also had its share of the downward trend.
All Eyes on Fed Rate Decision and Powell’s Messages
The Fed is expected to reduce interest rates by 25 basis points at the FOMC meeting on October 28-29. Analysts think that although inflation remains slightly above the target, the central bank has entered a data-driven monetary easing process. Bitget Wallet research analyst Lacie Zhangstated that Powell will take a cautious stance while expanding liquidity in a controlled manner, and emphasized that this supports bond demand and risk appetite.
The delay in economic data due to the ongoing partial government shutdown in the USA makes it difficult for the Fed to make decisions based on private sector data. It is known that Powell gives more weight to indicators such as the ADP employment report. In markets, this approach reduces the possibility of a surprise policy change and limits volatility in cryptocurrencies.
While Institutional Flows Strengthen in Bitcoin, They Weak in Altcoins
Bitcoin climbed from $104,800 to $116,000 over the weekend, posting a weekly gain of 5.8 percent. However, profit sales on Monday pulled the price back to around $114,000. Zhang pointed out that open positions increased from $25 billion to $30 billion and said, “Although the increase in leverage supports the rise, it increases the risk of liquidation below $110,000.”
CoinGlass According to data, futures open positions and funding rates are high but balanced. FxPro analyst Alex KuptsikevichHe stated that Bitcoin is receiving support from the 200-day moving average, with the $117,000–120,000 band acting as a resistance zone. The total value of the cryptocurrency market remained at 3.9 trillion dollars, holding above its 50 and 200-day averages.
A mixed picture prevails in altcoins. CryptoAppsy according to data ETH for $4,115, LEFT for 202 dollars, XRP While it dropped to $2.65, DOGE fell 3 percent. TRX It showed a poor performance, decreasing by 1.4 percent in the last 24 hours. In-blockchain data has been dormant for over 7 years BTCIt shows that ‘s are moving again and early Bitcoin investors are turning to profit taking.
