Bitcoin News Today: 0xc2a's $17M Crypto Gamble Pays Off as Trade Truce Boosts BTC/ETH

The upcoming Federal Reserve meeting has intensified market jitters as Bitcoin and Ethereum rebound amid a tentative U.S.-China trade détente. A preliminary trade framework agreed upon by the two nations has alleviated global supply chain concerns, sending cryptocurrency prices surging. Bitcoin (BTC) climbed to $113,367, up 1.59%, while Ethereum (ETH) rose 2.7% to $4,049, with the total crypto market cap hitting $3.83 trillion, according to a Coinpedia report. U.S. Treasury Secretary Scott Bessent confirmed the deal would avert threatened 100% tariffs and delay China's rare-earth export curbs, setting the stage for a Trump-Xi summit in South Korea, according to a BeInCrypto report.

The trade breakthrough follows a turbulent October, during which Trump's initial tariff threats triggered a $200 billion crypto market collapse, as reported in a Yahoo Finance article. However, the recent agreement has reignited optimism. Analysts note that Bitcoin's recovery above $113,000 signals renewed buying momentum, with some predicting a potential rally to $116,000–$117,000 if the trade détente holds, according to Coinpedia. Ethereum's surge past $4,000 has also drawn attention, with technical indicators suggesting further gains if the $4,050 level is sustained, a Panewslab analysis.

A seasoned crypto trader, identified as "0xc2a," has capitalized on the volatility, securing a $17 million profit from long positions on Bitcoin and Ethereum, according to a Yahoo Finance report. The trader's success underscores the market's unpredictability and the influence of whale activity. With nearly $300 million in active long positions, 0xc2a's strategy has drawn praise from analysts, highlighting how institutional positioning can sway broader sentiment.

The Federal Reserve's decision to cut interest rates by 25 basis points, widely anticipated this week, adds another layer of uncertainty. Traders are pricing in a 97.6% probability of a rate cut, which could further fuel risk-on assets, according to a Yahoo Finance piece. Bitcoin liquidity heatmaps reveal crowded short positions between $115,000 and $121,000, suggesting a potential squeeze before any deeper correction, as noted in that Yahoo Finance piece. Meanwhile, Ethereum ETFs have seen a surge in inflows, with Fidelity's FETH leading the charge, according to Panewslab.

Despite the optimism, strategists urge caution. The U.S.-China deal remains fragile, with a breakdown potentially reigniting market turbulence, according to a Bitget report. Additionally, Bitcoin's consolidation around $112,000 ahead of the FOMC meeting has traders on edge, with key support levels at $111,000–$112,000 critical for sustaining the rally, a TradingView article notes.

As the crypto market navigates this pivotal week, the interplay between trade developments and Fed policy will likely dictate the next major price movements. For now, Bitcoin and Ethereum traders remain cautiously bullish, eyeing both geopolitical and macroeconomic catalysts, according to a Bitcoin Magazine article.

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