Why did Bitcoin Cash fall 6.05 percent, to $279.11, when Bitcoin fell only 1.10 percent, to $79,888? The gap is a spike Bitcoin failed to match. From 08:00 UTC on 27 October to 10:00 UTC on 28 October, CoinGecko's hourly file took Bitcoin Cash from $281.77 to $303.95, up 7.9 percent, while Bitcoin went from $79,706 to $81,445, up 2.2 percent. The bitcoin cash price on a 24-hour screen is pricing the giveback.
The coins endpoint, read at 07:01:52 UTC on 29 October, put the live print at $279.11, an unrounded change of minus 6.04774 percent, a high of $304.28 and a low of $275.32. Market cap was $5.61 billion against Bitcoin's $1.61 trillion at 07:02:29 UTC, when Bitcoin was $79,888 and down 1.103 percent.
Forty-eight hours, stamp by stamp
At 18:00 UTC, when the Federal Reserve statement came out, Bitcoin Cash was already $285.36, down 6.1 percent from the 10:00 high, and Bitcoin was $80,808, down 0.8 percent from $81,445. Sahil Mahadik, a market analyst at NameCoinNews, had described a push through $304.8 in a note dated 28 October, while the hourly file times that high at 10:00 UTC, 6:00 a.m. in New York, ahead of the vote.
The hourly low was $277.14 at 04:00 UTC on 29 October, 8.8 percent under the high, against a 2.1 percent fall in Bitcoin to $79,762. The 07:01 hourly point was $278.96. Seven-day change was still plus 0.42 percent, and the 30-day change was minus 10.17 percent.
| UTC stamp | Bitcoin Cash | Bitcoin |
|---|---|---|
| 27 Oct, 08:00 | $281.77 | $79,706 |
| 28 Oct, 10:00 | $303.95 | $81,445 |
| 28 Oct, 18:00 | $285.36 | $80,808 |
| 29 Oct, 04:00 | $277.14 | $79,762 |
Hourly CoinGecko dollars, retrieved 29 October 2026, before rounding.
A hold, and a futures book
The Committee voted 10 to 2 to maintain the federal funds target range at 3.75 to 4 percent. Lisa Cook and Beth Hammack preferred a quarter-point increase. The statement said inflation remains elevated. Kevin Warsh, chairman of the Federal Reserve, said in the opening statement that inflation had been above the 2 percent goal for close to six years, and that he was unwilling to call financial conditions tight. Bitcoin's 2.1 percent giveback fits a hold. The fork's 8.8 percent giveback needs the morning spike beside it.
CoinGlass, on its Bitcoin Cash page, showed open interest of $309,964,347, futures volume of $436,804,263 and spot volume of $42,799,247. The futures book was about 10.2 times spot, and liquidations of $1,509,067 were 0.49 percent of open interest, too thin a share to carry the range. That lag, a smaller coin behind Bitcoin, is already on this desk in the Initia fall, including the week Stellar trailed Bitcoin.
Key facts
RelateddYdX (DYDX) rose 3.4% as a 17-market vote stayed open
- Bitcoin Cash last traded at $279.11, down 6.05 percent over 24 hours, with a high of $304.28, a low of $275.32, a market cap of $5.61 billion and volume of $231.4 million. Source: CoinGecko coins endpoint, 07:01:52 UTC, 29 October 2026.
- Bitcoin last traded at $79,888, down 1.10 percent, with a market cap of $1.61 trillion. Source: CoinGecko simple price, 07:02:29 UTC, 29 October 2026.
- From the 10:00 UTC high on 28 October to the 18:00 UTC statement, Bitcoin Cash fell 6.1 percent and Bitcoin fell 0.8 percent. Source: CoinGecko market_chart hourly, retrieved 29 October 2026.
- The Federal Open Market Committee held the funds target at 3.75 to 4 percent by 10 votes to 2, with Cook and Hammack preferring a quarter-point rise. Source: Federal Reserve statement, 28 October 2026.
- Bitcoin Cash open interest was $309.96 million, and 24-hour futures liquidations were $1.51 million. Source: CoinGlass Bitcoin Cash page, retrieved 29 October 2026.
What to watch
Compare the next CoinGecko daily stamp with two prints that already exist, the low of $275.32 and the high of $304.28. A stamp back through the high would mean the giveback failed, and a stamp under the low would extend a 30-day run that is already minus 10.17 percent. If Bitcoin's 24-hour change stays near 1 percent while the fork's gap closes, the spike was the whole story.
The other check is the derivatives tape, where $1.51 million of liquidations against about $310 million of open interest is quiet beside a loud range. A later share several times larger would mean positions are being forced out.
Prices, the hourly path and the policy statement above are a record of 27 to 29 October 2026. They are not a recommendation to buy or sell Bitcoin Cash, Bitcoin, or any other asset.