Bitcoin News Today: Bitcoin Stabilizes Amid Fed Relief, Geopolitical Risks Remain

Bitcoin's price swung wildly this week amid shifting U.S.-China trade dynamics and Federal Reserve policy moves, with analysts debating whether the cryptocurrency has stabilized after a record liquidation event. The asset briefly dipped below $108,000 following a Trump-Xi meeting that yielded no immediate trade deal but later rebounded, fueled by expectations of Fed easing and lingering optimism about geopolitical de-escalation, according to CoinDesk.

The week began with a $19 billion liquidation in crypto markets on October 10 after Trump threatened 100% tariffs on Chinese imports and Beijing imposed rare earth export curbs, reported TradingView. However, the market's swift stabilization—Bitcoin remains less than 10% below its October high—has raised questions about institutional buying. "Big money and smart money have stopped selling," said Farzam Ehsani, CEO of VALR, noting that whale wallets added over 45,000 Bitcoin post-crash, as reported in Yahoo Finance. Exchange-traded funds (ETFs) also saw $636 million in inflows over five days, according to SoSoValue data.

The Fed's 25-basis-point rate cut on October 30, lowering the target range to 3.75%-4.00%, further injected liquidity into risk assets, according to Yahoo Finance. While the move initially triggered another wave of liquidations—$100 million in crypto positions were wiped out pre-announcement—Bitcoin held above $108,000, avoiding a deeper selloff. Analysts like Geoffrey Kendrick of Standard Chartered argue that the Fed's dovish pivot, combined with a potential U.S.-China trade ceasefire, could cement Bitcoin's recovery. "If the Trump-Xi talks in South Korea go well, Bitcoin may never go below $100,000 again," Kendrick said, citing a broader geopolitical reset.

Yet uncertainty lingers. The Trump-Xi meeting concluded without a formal agreement, with the president leaving South Korea without clarifying whether tariffs on Chinese goods would proceed, according to CoinDesk. Treasury Secretary Scott Bessent had earlier hinted at a tentative deal, including a U.S. rollback of tariffs and China suspending rare earth export restrictions for a year, but the absence of concrete terms left markets cautious. "The bigger swing factor remains geopolitics," CoinDesk noted, emphasizing that a trade deal could reinforce Bitcoin's rebound beyond $115,000, while a breakdown might reignite volatility.

The dollar index consolidated near 99.00 after the Fed's rate cut, reflecting mixed signals for risk assets. While easier monetary policy typically benefits crypto, the lack of progress in U.S.-China talks tempered optimism. Major cryptocurrencies like XRP and Dogecoin fell up to 4%, while Ether and Solana dropped 3%. Meanwhile, the CME FedWatch tool priced in a 98% chance of a 0.25% rate cut in the coming week, adding a layer of support for markets.

As November approaches, the interplay between Fed policy and trade negotiations will likely dictate Bitcoin's trajectory. Analysts remain divided: some see a "soft landing" scenario where easing rates and reduced trade tensions prop up prices, while skeptics warn of renewed turbulence if geopolitical risks resurface. For now, Bitcoin's resilience—despite its volatile week—suggests that institutional confidence may be outweighing short-term jitters.