Bitcoin is trading in a narrow range as the market digests the latest FOMC decision and ongoing geopolitical developments.
On April 29, bitcoin (BTC) made another unsuccessful attempt to reclaim the $77,400-77,800 zone before pulling back toward $75,000.
Hot topic: Will Bitcoin Hit $100K in 2026?
At the time of publication on April 30, 2026, bitcoin trades at $76,050. The coin has fallen more than 1% over the past 24 hours. The 24-hour low stands at $74,958, with a high of $77,884.
Ethereum (ETH) is also moving sideways. At the time of publication, ETH▲$1,651.33 trades at around $2,250. Over the past 24 hours, the cryptocurrency has lost nearly 3% of its value.
Among the top 10 altcoins by market cap, Dogecoin (DOGE) showed the strongest performance over the past 24 hours (+2.76%) and week (+9.66%). Ethereum recorded the largest losses both daily (-4.07%) and weekly (-4.57%).
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What Is Influencing Bitcoin’s Price on April 30?
Investor attention remains focused on US-Iran relations. Although the ceasefire was extended, risks of renewed escalation persist. President Donald Trump ruled out lifting the blockade of the Strait of Hormuz without a deal, while Tehran warned it would take measures if US naval forces continue to restrict Iranian vessels.
Read more: White House Preparing “Major Announcement” on Strategic Bitcoin Reserve
The Federal Reserve’s latest meeting brought no major surprises. Chair Jerome Powell stated that no committee members are currently discussing a rate hike, but the central bank will consider all options as energy prices have not yet peaked. Brent crude futures renewed highs above $120 per barrel.
Market Microstructure and Technical Outlook
Spot Bitcoin (BTC) ETFs recorded outflows for the third consecutive day, totaling $137.8M in the past 24 hours.
Read more: Prediction Market ETFs Are Coming May 5—What Does Crypto Think?
According to Coinglass, long liquidations reached $111.6M over the past 24 hours, compared to $30.8M in shorts.
The Fear and Greed Index rose slightly from 26 to 29 points, remaining in the fear zone.
Analysts note continued profit-taking by long-term holders. Technical analyst Daan Crypto Trades highlighted $80K as the main upside target for bulls, with strong support at $72K. A break below this level could shift momentum back to a volatile sideways range.
Read more: Best Crypto ETF Contracts for 2026—Which ETFs Will Dominate Trading This Year?
