📃 Oct 29, 2026 – EUROPE Cryptocurrency Market 8h Daily Trend Forecast

Crypto Market Analysis & Trend: Neutral/Trending Down

Bitcoin’s price slipped to $79,874.01 on October 29, 2026, at 07:30:00 UTC, down 1.34% from its previous close and 1.49% over 24 hours. This downturn follows a period of resilience, with Bitcoin trading at $80,946.45 on October 28, 2026, after a 1.51% gain. The 24-hour volatility hit 2.65% on October 29, 2026, signaling immediate bearish sentiment.

Market capitalization shows a mixed trend. Bitcoin’s cap climbed 0.55% to $1,633,761,053,673 on October 29, 2026, even as its price fell. Ethereum’s capitalization also rose 0.37% to $287,984,160,318. But Tether and Ripple both saw slight dips in their market caps, down 0.34% and 0.42% respectively. This split suggests that while top cryptos hold market share, some valuations are under pressure.

Sentiment indicators are also mixed. Alternative.me and Milkroad.com both reported a ‘greed’ score of 51pt on October 29, 2026, suggesting positive investor sentiment. Yet Coinstats.app showed ‘fear’ at 43pt at 02:10:03 UTC the same day. This split makes it tough to read the market’s mood. Mining difficulty held steady at 140.58T, but the hash rate dropped 8.33% to 1.01T GB on October 29, 2026, which might point to less mining activity. Given these conflicting signals from price, capitalization, and sentiment, plus upcoming high-impact economic events, we expect a moderate chance of a sideways to slightly downward trend over the next 8 hours.

What is important

Bitcoin’s price recently dipped below $80,000, settling at $79,874.01 on October 29, 2026, a 1.34% drop. Trading below its 20-day and 50-day moving averages, the market is signaling caution.

Sentiment indicators are mixed. Alternative.me and Milkroad.com show ‘greed’ at 51pt, but Coinstats.app reports ‘fear’ at 43pt. This split means market participants don’t agree on direction.

Ripple’s stablecoin, RLUSD, secured a Moody’s A2 investment-grade rating and launched on Coinbase, boosting its accessibility. This is a big win for the stablecoin ecosystem and could drive wider crypto adoption. On the flip side, Robinhood’s crypto revenue dropped 55% year-over-year, raising questions about retail investor interest.

Top 5 – Latest Headlines & Cryptocurrency News

👍 Ripple´s RLUSD Has a Moody´s A2 Rating and Is Live on Coinbase. Does a Stronger Stablecoin Help XRP?
– Ripple´s stablecoin, RLUDS, has achieved a Moody´s A2 rating and is now live on Coinbase. This development suggests a stronger stablecoin offering from Ripple, potentially benefiting XRP. The article questions whether this enhanced stablecoin will positively impact XRP´s market position and adoption.

👎 Robinhood´s Crypto Revenue Fell 55% in a Year. Is Retail Money Leaving Crypto?
– Robinhood´s cryptocurrency revenue has seen a significant decline of 55% year-over-year. This drop raises questions about whether retail investors are withdrawing their money from the crypto market. The article explores the potential reasons behind this trend and its implications for the future of cryptocurrency trading on the platform.

👎 Bitcoin dips below $80,000 as Samsung-led tech jitters and a hawkish Fed weigh on crypto
– Bitcoin´s price dropped below $80,000, influenced by a broader tech sector sell-off triggered by Samsung´s actions and a hawkish stance from the Federal Reserve. These factors are creating risk aversion, negatively impacting the cryptocurrency market. Investors are reacting to concerns about economic policy and corporate behavior, leading to a downturn in digital asset values.

👎 Bitcoin Is Trading Below Its 20-Day and 50-Day Averages. Can It Reclaim $81,800?
– Bitcoin is currently trading below its 20-day and 50-day moving averages, indicating a potential bearish trend. Investors are watching to see if the cryptocurrency can reclaim the $81,800 level. This price action suggests a period of uncertainty and potential downward pressure in the market.

👍 Bitcoin ETF inflows climb to $176M as sentiment edges higher
– Bitcoin ETFs experienced a significant inflow of $176 million, indicating a rebound in market sentiment. This surge suggests renewed investor confidence and a positive outlook for Bitcoin, potentially driven by recent market developments and the increasing adoption of cryptocurrency investment vehicles.

Factors Driving the Growth – Market Sentiment

Keyword analysis shows market sentiment split over the last 24 hours. “Bitcoin” appears often on both positive (29 occurrences) and negative (20 occurrences) lists, pointing to a highly polarized view of the top crypto. Positive sentiment largely comes from “ripple” (16), “digital assets” (11), “stablecoin” (11), and “rlusd” (10), reflecting Ripple’s new stablecoin. “Robinhood” also shows up positively (8) due to its crypto business growth. On the negative side, general terms like “crypto” (21) and “cryptocurrency” (17) are common, along with “market” (10). “Coinbase” (8) and “robinhood” (8) also appear in negative contexts, tied to events like data exposure and revenue drops.

Positive Terms – Sentiment Analysis

Negative Terms – Sentiment Analysis

Crypto Investor Fear & Greed Index

The Fear and Greed Index shows divided sentiment across sources on October 29, 2026. Alternative.me and Milkroad.com both reported 51pt, landing squarely in ‘greed’ territory. This suggests investors are generally willing to take on more risk. Coinstats.app, however, painted a different picture, with readings of 43pt at 02:10:03 UTC and 46pt at 00:00:00 UTC the same day, putting it in the ‘fear’ range. This split means some market participants feel optimistic, while others stay cautious. The 3pt variation reported by Alternative.me and Milkroad.com on October 28, 2026, also shows minor sentiment shifts leading up to today.

Bitcoin: Active Addresses

Bitcoin address indicators show the network’s overall size keeps growing. Total addresses hit 1,557,165,550 by October 29, 2026, at 07:00:00 UTC, with zero balance addresses also climbing to 1,499,940,071 at the same time. This steady growth, even with minimal daily percentage changes, points to ongoing adoption and network activity. Addresses holding significant Bitcoin amounts moved differently: those with over 10,000 BTC rose 1.16% to 86 addresses by October 29, 2026, 07:00:00 UTC. Conversely, addresses with over 1,000 BTC dipped slightly by 0.05% to 1,936. Data for ‘Bitcoin Active Addresses’ from btc.com wasn’t available for recent dates, limiting a full daily user engagement assessment.

Economic events to move the cryptocurrency market

Several high-impact economic events are set for the global financial market on October 29, 2026, at 12:30:00 UTC. Key releases include Personal Income and Outlays data, specifically the Core PCE Price Index (Year-over-Year and Month-over-Month), PCE Price Index (Month-over-Month and Year-over-Year), Personal Income (Month-over-Month), and Personal Consumption Expenditures (Month-over-Month). We’ll also see GDP Quarter over Quarter – Annual Rate and GDP Personal Consumption Expenditures – Annual Rate, plus Jobless Claims Initial Claims – Level. These figures are crucial for understanding inflation, consumer spending, and overall economic growth, all of which can heavily sway investor sentiment across all markets, including crypto. Looking ahead, October 30, 2026, brings moderate-impact events like the Chicago PMI Index and Employment Cost Index Quarter over Quarter, which could also shift markets.

Crypto Assets Prices

Bitcoin’s price notably declined on October 29, 2026, trading at $79,874.01 at 07:30:00 UTC. This marks a 1.34% price drop and a 1.49% fall over 24 hours, with 24-hour volatility at 2.65%. This follows a positive day on October 28, 2026, when Bitcoin hit $80,946.45, up 1.51%. Ethereum also climbed 1.97% on October 28, 2026, reaching $2,354.94, with its 24-hour variation at 1.73% and volatility at 3.13%. Binance Coin showed a similar trend, up 1.18% to $744.95 on October 28, 2026, with 24-hour volatility at 2.75%. Bitcoin’s recent negative turn points to a shift in short-term market dynamics.

Cryptocurrency Capitalization and Volume

Market capitalization data for major cryptocurrencies on October 29, 2026, shows varied performance. Bitcoin’s cap rose 0.55% to $1,633,761,053,673, while its volume climbed 7.13% to $25,978,249,495. Ethereum also saw its capitalization increase 0.37% to $287,984,160,318, with volume up 4.36%. Binance Coin showed stronger cap growth, up 1.96% to $99,795,153,977, and its volume increased 5.05%. In contrast, Ripple’s cap dipped 0.42% to $83,902,900,911, though its volume surged 28.09%. Tether, a stablecoin, also saw a slight cap decrease of 0.34% to $181,663,812,672, with its volume rising 6.16%.

Cryptocurrency Exchanges Volume and Variation

Exchange volumes on October 29, 2026, show increased trading activity across several major platforms. Binance saw a substantial 14.91% volume increase, hitting 88,936. Other exchanges also saw significant upticks: Bybit’s volume rose 12.17% to 19,338, Coinbase by 15.32% to 15,478, Crypto.com by 36.84% to 8,863, Gate.io by 10.15% to 18,114, and OKX by 30.90% to 21,420. This broad increase suggests heightened engagement despite recent price dips. Kraken, however, bucked the trend with a 7.54% volume decrease, settling at 15,680. Binance US also gained 37.01% to 174, while Bitfinex’s volume increased 1.68% to 2,182.

Mining – Blockchain Technology

The crypto mining landscape shows stable difficulty but a fluctuating hash rate. Mining difficulty held constant at 140.58T from October 23 to October 29, 2026, meaning no recent changes to the computational challenge of finding new blocks. The number of mined blocks rose slightly, up 0.01% to 973.61K on October 29, 2026. Block rewards also stayed steady at 3.13 BTC all week. However, the hash rate, which measures the network’s computational power, saw a notable 8.33% decrease to 1.01T GB on October 29, 2026. This drop follows significant volatility, including a 16.07% fall on October 25, 2026, and a 36.09% surge on October 24, 2026, suggesting ongoing shifts in miner participation or hardware efficiency.

Taking stock

The crypto market is seeing conflicting signals. Recent price dips for major assets clash with underlying network growth and specific positive developments. Bitcoin’s price fell to $79,874.01 on October 29, 2026, a 1.34% decline, and it’s trading below key moving averages. This short-term bearish price action worries many market observers.

Even with price weakness, Bitcoin’s market cap still saw a modest 0.55% increase to $1.63 trillion on October 29, 2026. The total number of Bitcoin addresses keeps expanding steadily, hitting 1,557,165,550. This suggests that while speculative interest might be fading in some areas, the fundamental infrastructure and long-term holding patterns remain strong. The split in Fear and Greed Index readings, with some sources showing ‘greed’ at 51pt and others ‘fear’ at 43pt, highlights the market’s current uncertainty.

Ripple’s new stablecoin, RLUSD, is a significant positive, securing a Moody’s A2 investment-grade rating and launching on Coinbase. This development shows stablecoins are gaining maturity and institutional acceptance, potentially opening doors for wider digital asset adoption in regulated financial systems. This institutional progress contrasts with challenges for retail platforms like Robinhood, which reported a 55% drop in crypto revenue, signaling a potential cooling of retail engagement.

So What

For market participants, Bitcoin’s recent price dip to $79,874.01 on October 29, 2026, and its position below 20-day and 50-day moving averages, calls for increased caution. This technical weakness, combined with a 1.49% 24-hour variation, suggests short-term trading strategies could face headwinds.

The contrasting sentiment from Fear and Greed indicators, ranging from 43pt (‘fear’) to 51pt (‘greed’) across sources, means there’s no clear consensus on market direction. Investors shouldn’t rely on a single sentiment metric; instead, they should consider the broader context of mixed signals.

Ripple’s RLUSD securing a Moody’s A2 rating and launching on Coinbase marks a tangible step forward for regulated digital assets. This development creates new opportunities for stablecoin integration into traditional finance, potentially offering more stable ways to move capital within the crypto ecosystem, separate from speculative asset volatility.

What next?

Market participants should closely watch Bitcoin’s price for any attempts to reclaim the $81,800 level, as recent news mentioned, after its dip to $79,874.01 on October 29, 2026. A sustained move above this point could signal a shift from the current bearish technical trend.

Also, pay attention to the high-impact economic events scheduled for October 29, 2026, at 12:30:00 UTC, especially the GDP Quarter over Quarter – Annual Rate and the Core PCE Price Index. These releases could spark significant volatility and offer clearer direction for broader market sentiment, which will likely spill into cryptocurrencies.

Watch the Bitcoin hash rate for stabilization or further declines from its 1.01T GB level reported on October 29, 2026. A continued decrease could signal challenges for miners, potentially impacting network security or supply dynamics. Conversely, a rebound could mean renewed confidence in mining profitability.

Disclaimer – Informational Content, Not Investment Advice

Content provided herein is solely for informational purposes and should not be construed as a recommendation, endorsement, or suggestion to engage in any form of investment activity. The information presented in this post is not intended to serve as financial, legal, tax, or investment advice.

About the Author: CryptoTrends Team

With over five years of diving deep into cryptocurrencies and blockchain, we’ve cemented our position as experts in the digital currency realm. Our team has not only contributed to a multitude of pioneering blockchain projects but has also enlightened thousands with our incisive articles CryptoTrends. Always at the cutting edge of crypto trends, we proudly collaborate with CryptoBotStation, ensuring our readers stay one step ahead in this dynamic space.