The cryptocurrency market extended its losing streak on October 26, 2026, as risk appetite waned. Bitcoin (BTC) dropped 0.28% to $79,817.06, Ethereum (ETH) fell 0.58% to $2,313.61, and Solana (SOL) declined 0.94% to $100.30. The sell-off was driven by two main factors: traders reducing exposure ahead of the Federal Reserve's interest rate decision on October 28, and profit-taking following a strong third quarter.
Crypto ETFs also experienced selling pressure. The iShares Bitcoin Trust ETF (IBIT) fell 1.61%, Fidelity Wise Origin Bitcoin Fund (FBTC) dropped 1.66%, and iShares Ethereum Trust ETF (ETHA) declined 3.22%. Investors are adopting a cautious approach ahead of the Fed's decision, with an 8% probability of a rate hike priced in.
For crypto to recover, investors should watch whether Bitcoin can defend the $80,000 zone and whether major altcoins show renewed strength. Stabilization could signal improving risk appetite, while further declines would indicate sellers remain in control.
The top 10 cryptocurrencies by market cap showed mixed performance. BNB (BNB) and Zcash (ZEC) posted gains, while most other major coins, including Ethereum and Solana, saw declines.