On October 28, 2026, major cryptocurrencies posted gains despite a busy week of economic developments. Bitcoin (BTC) rose 0.52% to $81,220.35, Ethereum (ETH) climbed 0.68% to $2,363.24, and Solana (SOL) increased 1.33% to $102.60. The Federal Reserve kept its benchmark interest rate steady at 3.75% to 4%, though it left the door open for future rate hikes due to elevated inflation.
The market now awaits corporate earnings reports from major tech companies like Alphabet (GOOGL, GOOG), Microsoft (MSFT), and ServiceNow (NOW), which could influence broader market sentiment and crypto prices. Spot crypto ETFs also showed strength, with the iShares Bitcoin Trust ETF (IBIT) up 0.96%, Fidelity Wise Origin Bitcoin Fund (FBTC) up 1.01%, and iShares Ethereum Trust ETF (ETHA) up 1.07%.
For crypto investors, the next move may hinge on these broader market developments as much as on events within the digital asset industry. While several major cryptocurrencies remain above their summer lows, the recovery is fragile and could be derailed by disappointing earnings or renewed inflation concerns.
The top 10 cryptocurrencies by market cap showed mixed performance, with BNB (BNB) up 0.9%, XRP (XRP) up 0.6%, and Zcash (ZEC) down 0.0%. The overall market remains cautious as investors assess the economic landscape and corporate earnings.