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Source: Newsmaker.id
The cryptocurrency market trended upward during Monday’s trading session (October 19, 2026), led by gains in Bitcoin (BTC) and Ethereum (ETH). This rally signals a potential recovery following a week of downward pressure on the crypto market. Nevertheless, investors remain cautious ahead of the Federal Reserve’s (The Fed) interest rate decision, which could significantly influence the trajectory of risk assets.
Bitcoin rose by approximately 1.2% to reach the US$82,477 level, while Ethereum also saw gains, trading at around US$2,430. Other major altcoins, including Solana (SOL) and XRP, also experienced upward movement, reflecting an improvement in overall market sentiment.
This recovery comes as pressure from US government bond yields eases and global oil prices decline—factors that have provided investors with some breathing room to reconsider risk assets. However, a strengthening US dollar and ongoing uncertainty regarding monetary policy could still limit further gains for Bitcoin and altcoins.
On the other hand, the crypto market is not yet entirely free from selling pressure. Bitcoin had previously dipped below US$80,000, and US spot Bitcoin ETFs saw outflows totaling approximately US$228.4 million over the past week. These conditions suggest that the level of interest from institutional investors remains a key factor to watch when gauging the strength of the market recovery.
Investor focus is now fixed on the upcoming Federal Reserve meeting scheduled for October 27–28. Expectations that interest rates might remain unchanged could support a recovery in the crypto space, whereas any signals pointing toward a tighter monetary policy could renew pressure on both Bitcoin and altcoins.
Conclusion
The strengthening of the crypto market at the start of the week points to a recovery effort following a period of selling pressure. However, Bitcoin still needs to maintain the US$82,000 level and break through the US$83,000 mark to pave the way for further gains.
If market sentiment improves and the Federal Reserve signals a more accommodative policy, Bitcoin has the potential to continue its upward trend. Conversely, should the US dollar strengthen again and investors reduce their exposure to risk assets, the crypto market could see a correction.
Source: Newsmaker.id