Bitcoin declined on Tuesday, extending its recent losses and falling below the $80,000 level after Strategy Inc, the largest institutional holder of the cryptocurrency, suspended new purchases amid cautious market sentiment ahead of the Federal Reserve meeting.
Bitcoin fell 0.5% to $79,830.3, breaking below the trading range of $80,000 to $87,000 that had held throughout the previous month. The cryptocurrency market failed to benefit from lower oil prices or gains in technology stocks, reflecting continued weakness in investor demand for digital assets.
On the institutional front, Strategy Inc reported no Bitcoin purchases or sales during the week from October 19 to October 25, 2026. The company also reported no share sales during that period. As of October 25, its total Bitcoin holdings stood at approximately 848,517 BTC, acquired for a combined cost of $64.02 billion at an average purchase price of approximately $75,446 per Bitcoin, including fees and expenses.
During the same week, the company repurchased 2,068,459 preferred shares for $204.9 million, using cash from its US dollar reserves. No other classes of securities were purchased. Although Strategy did not disclose the reasons behind its decision to suspend Bitcoin purchases, the pause raised concerns among investors, particularly after the company had sold part of its holdings earlier this year.
Meanwhile, caution dominated the broader cryptocurrency market ahead of Wednesday’s interest rate decision by the Federal Reserve, led by Warsh. Market expectations point to interest rates remaining unchanged at 4.0%. However, persistent inflationary pressures could prompt the central bank to maintain a restrictive monetary policy stance, potentially weighing further on cryptocurrencies. Investors are also monitoring monetary policy decisions from the European Central Bank and the Bank of Japan, with expectations that both institutions could maintain a hawkish approach.
Among other digital assets, Ethereum declined 0.6% to $2,307.01, while BNB slipped 0.3% and Solana fell 1.2%. Cardano moved against the broader market trend, gaining 0.4%. XRP also advanced 0.7% after its parent company, Ripple, received final approval to establish a national trust bank. Dogecoin rose 0.6%, while the TRUMP cryptocurrency gained 1.7%.
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