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%.
Investors are watching to see if these gains translate into renewed demand for crypto ETFs, which could signal market stabilization. However, the recovery remains fragile, with potential risks from disappointing earnings or renewed inflation concerns. Most cryptocurrencies are still above their summer lows, but further corrections could occur if broader market conditions deteriorate.
For crypto investors, the next moves may depend as much on macroeconomic factors as on developments within the digital asset space. Key reports from Amazon (AMZN) and Intel (INTC) later this week will provide additional insights into consumer spending and corporate profitability.