Bitcoin News Update: Federal Reserve Indecision and Ambiguous Trade Agreements Drive Cryptocurrency Market Fluctuations While Bitcoin Stays Close to $110,000

Bitcoin approached the $110,000 mark as investors reacted to the Federal Reserve's rate reduction and new developments in U.S.-China trade, causing increased turbulence in the crypto sector amid evolving global and economic conditions. The Fed's decision to lower rates by 25 basis points on October 29 led to significant outflows from

and ETFs, with withdrawals totaling $470.71 million and $81.44 million, respectively, as reported by . This, along with Fed Chair Jerome Powell indicating that further rate cuts in 2025 are not guaranteed, pushed Bitcoin down by 3.71% to $108,325.44 and Ethereum by 2.68% to $3,904.19.

The ETF withdrawals reflected a broader risk-off sentiment as traders grew cautious ahead of Powell’s remarks following the meeting. According to Coinpedia, Fidelity’s FBTC saw the largest Bitcoin ETF outflow at $164.36 million, while Fidelity’s FETH led Ethereum ETF outflows with $69.49 million. Although rate cuts often boost risk assets, Powell’s cautious stance on future monetary policy dampened enthusiasm, as highlighted in an

. “With the data blackout caused by the shutdown, the Fed’s next steps are hard to predict, and markets dislike uncertainty most,” said co-founder Marcin Kazmierczak in comments to FXStreet.

Geopolitical issues added to the market’s instability. U.S. President Donald Trump’s meeting with Chinese President Xi Jinping in South Korea drew mixed responses, with Trump suggesting a trade agreement was “pretty close” but leaving crucial aspects unresolved, according to an

. While some relief came from reduced tariffs on fentanyl and agricultural products, investors waited for more concrete details to gauge the effect on global risk appetite. Although the U.S.-China trade relationship is directly linked to crypto, it shapes broader market sentiment, as seen when Bitcoin experienced a sharp drop earlier in October amid renewed tensions.

Elsewhere, altcoins remained quiet as Bitcoin’s market share increased. The

fell to 27, showing that less than 75% of altcoins outperformed Bitcoin over the last 90 days. Ethereum, however, maintained steady inflows, reaching $26.9 billion so far this year, while BlackRock’s IBIT led Bitcoin ETF inflows with $28.1 billion, according to analysts cited in a . Experts noted Ethereum’s consistent momentum despite Bitcoin’s ETF-driven concentration, and suggested that altcoins such as , LINK, and could see rallies as market attention shifts, as discussed in a .

Reports of Mastercard’s potential $1.5–$2 billion acquisition of crypto infrastructure provider Zerohash pointed to rising institutional interest in blockchain, as covered by Investing.com. Nevertheless, the Fed’s cautious outlook and ongoing geopolitical risks overshadowed positive developments, prompting traders to adopt more defensive strategies. Deribit observed a reduction in demand for protective puts on Bitcoin options, indicating some cautious optimism about a possible U.S.-China trade breakthrough, according to a

.

Looking ahead to November, investors are closely watching two main factors: the Fed’s monetary policy direction and the progress of U.S.-China trade talks. A finalized trade agreement could boost risk appetite, while further hesitation from the Fed may keep crypto markets volatile. For now, Bitcoin remains near $110,000 as traders navigate a market shaped by both economic signals and geopolitical developments, Coinpedia added.