Bitcoin consolidates near $114K as traders remain cautious ahead of FOMC meeting
Synopsis
Bitcoin fell 1.4% to $113,873, retreating from $115,000 as traders turned cautious ahead of the FOMC meeting. Ethereum dropped 3.6% to $4,096, and major altcoins slid over 4%, dragging the global crypto market cap down 1.35% to $3.84 trillion.
Bitcoin slipped 1.4% in the past 24 hours to $113,873 on Tuesday after touching $115,000 in the previous session, as traders stayed cautious ahead of the FOMC meeting.
At 10:57 am IST, Ethereum fell 3.56% to $4,096, while major altcoins — BNB, XRP, Solana, Dogecoin, Tron, Cardano, and Hyperliquid — declined over 4%. The global crypto market cap dropped 1.35% to $3.84 trillion, per .
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Edul Patel, CEO of Mudrex, believes that BTC is consolidating around $114,500 after testing resistance near $116,000, as traders remain cautious ahead of the FOMC meeting. Meanwhile, the overall market sentiment is improving with the Fear-Greed index back to ‘Neutral’.
Crypto TrackerTOP COINS (₹) Tether88 (0.28%)XRP234 (-0.04%)Bitcoin10,081,116 (-1.29%)BNB99,871 (-1.55%)Ethereum363,017 (-2.6%)
“Institutions are also showing signs of a comeback, with global crypto investment products seeing $921 million in weekly net inflows. Public companies like Strategy have also resumed accumulating crypto, adding BTC worth $43.4 million. With this setup, Bitcoin’s resistance stands at $116,900, and support has strengthened around $111,400, indicating a healthy base for the next move up,” Patel further added.
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Over the past week, BTC has gained nearly 5.47%, while Ethereum has increased by 5.75%. Among the altcoins, Hyperliquid rose by nearly 31.64%, and others also experienced a surge.
Sathvik Vishwanath, Co-Founder & CEO, Unocoin, says that Bitcoin ended “Uptober” 2025 trading near $114K–$116K, showing resilience after briefly testing $125K earlier in the month, and the institutional ETF inflows and a weaker dollar sustained bullish momentum, though volume tapered near the highs.
Vishwanath further adds that the key support lies around $108K, with resistance at $120K and analysts see consolidation as healthy before a potential year-end breakout.
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What other analyst say,
CoinSwitch Markets Desk
BTC retested the $116K level, supported by positive developments including progress in U.S.–China trade talks and rising expectations of a Fed rate cut scheduled for tomorrow, which could lower borrowing costs and boost liquidity across the Crypto market. BTC has since eased to around $114K. ETH climbed above $4,200, its highest level in two weeks, while ETH ETFs recorded inflow after three consecutive days of outflow. Meanwhile, Solana, Hedera, and Litecoin ETFs are expected to debut soon, unless the SEC intervenes. BTC holds major liquidation clusters between $116K–$118K; a breakout above $115K could trigger a short-squeeze rally.
