📉 Why Is the Crypto Market Down Today? (Oct 29, 2025)
The global crypto market cap slipped over 1% to $3.9 trillion, with Bitcoin (BTC) falling 2.5% to around $112,400 and Ethereum (ETH) dropping over 4% to $3,946.
💥 Main Reasons for the Downturn:
📊 Fed Rate Cut Uncertainty
Traders are on edge ahead of Wednesday’s FOMC decision. Expectations of a rate cut and new Quantitative Easing (QE) have sparked short-term volatility, though many still see it as bullish in the long run.
📉 “Sell the News” After Altcoin ETFs Launch
The excitement around new spot altcoin ETFs faded quickly, triggering a mild correction as markets priced in the news amid the ongoing U.S. government shutdown.
💣 Long Liquidations
According to CoinGlass, over $567 million in positions were liquidated in the past 24 hours — $409 million of them long trades — accelerating the market’s downward move.
🧭 Outlook:
Despite the pullback, sentiment remains cautiously optimistic. Analysts expect a recovery once Fed policy clarity arrives, supported by QE-driven liquidity and capital rotation from gold to Bitcoin — with some predicting $1.5 trillion in new inflows ahead.
