Bitcoin briefly dropped below $110,000 on Oct. 29, trading at $110,370 and down 1.02% over 24 hours, HTX market data show. The decline followed Federal Reserve Chair Powell's hawkish remarks after the FOMC meeting, indicating significant uncertainty around a December rate cut. Ethereum fell to $3,820 before recovering to $3,910, down 1.04%, while Solana declined below $190 to $194.7, down 0.99% over the same period.