Bitcoin holds near $80,000 as Nasdaq rises 1.2% and Robinhood misses profit expectations
Markets move as the Fed meets
Coverage of the trading day ended at 5:00 p.m. EDT on October 27, 2026. Bitcoin was reported to be holding below $80,000, while the Nasdaq index rose 1.2%. The CoinDesk headline for the day summarized the mood as Bitcoin edging higher as the Nasdaq surged.
Investors were also watching the Federal Reserve, which is expected to hold interest rates steady on Wednesday. Beyond the decision itself, markets were looking for signals about what the central bank may do next.
Robinhood profit came in below forecasts
Robinhood reported third-quarter results that missed Wall Street estimates. The company said earnings per share were $0.51, below the $0.55 that analysts were expected to report.
Total revenue came in at $1.424 billion, slightly under the consensus forecast of $1.43 billion. Crypto-related revenue was $120 million, above the $114 million that was expected. That figure, however, was down 55% from $268 million a year earlier. Overall transaction revenue was $867 million, up 19% from the same period last year.
Robinhood shares fell 4.4% in after-hours trading after the report.
Key numbers from the day
- Bitcoin price: $80,792.34, up 1.12%
- Nasdaq: +1.2%
- Robinhood EPS: $0.51 (forecast $0.55)
- Robinhood total revenue: $1.424 billion (forecast $1.43 billion)
- Robinhood crypto revenue: $120 million (forecast $114 million), down 55% from last year
- Robinhood transaction revenue: $867 million, up 19% year over year
- Robinhood after-hours share change: -4.4%
Other coins tracked during the session
Elsewhere in the market, Ether was quoted at $2,347.51, up 1.59%. XRP rose 2.54% to $1.32, and Solana was up 0.92% at $101.17. Hyperliquid gained 4.56% to $81.39.
What is confirmed
Bitcoin traded below $80,000 during the session covered by the source. The Nasdaq rose 1.2%. The Federal Reserve is expected to keep interest rates unchanged on Wednesday, and investors are awaiting clues about future policy moves. Robinhood reported third-quarter EPS of $0.51 and total revenue of $1.424 billion, both below forecasts. Crypto revenue was $120 million and transaction revenue was $867 million.
What is still unclear
The source does not say what the Fed will ultimately decide on interest rates, only that it is expected to hold steady. It does not explain in detail why crypto revenue fell 55% year over year, nor does it state the exact reasons behind the after-hours drop in Robinhood shares.
Why this matters for crypto investors
Because Bitcoin and many crypto-linked stocks move with broader technology and growth markets, a day in which the Nasdaq rose 1.2% while Bitcoin held just under $80,000 shows how closely the two tracks are linked. A major crypto trading platform reporting a sharp fall in crypto revenue also highlights how much those firms depend on trading activity and investor interest.
Sources
Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.
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