Bitcoin News Today: Fed Cuts Rates, Crypto Falters as Geopolitical Storms Take Center Stage

The U.S. Federal Reserve's 25-basis-point interest rate cut on October 29 sent ripples through the cryptocurrency market, triggering a sharp sell-off in Bitcoin (BTC) despite the decision being broadly anticipated. BTC/USDT fell to $109,200, a 6% drop from its recent high of $116,400, as traders grappled with macroeconomic uncertainties like a weakening labor market and persistent inflation, a Cointelegraph report. The Fed's move, which ended quantitative tightening (QT) and set the benchmark rate at 3.75%-4.00%, was accompanied by $795.2 million in crypto liquidations, with Bitcoin testing critical support levels around $108,000, a Yahoo Finance report. Analysts at Hyblock noted a historical pattern of post-FOMC price dips followed by rebounds, suggesting potential buying opportunities if bullish orderbook signals emerge, as Cointelegraph reported.

The sell-off defied expectations of a "risk-on" environment typically associated with rate cuts. Traders cited broader concerns beyond interest rates, including geopolitical tensions and the looming U.S.-China summit, where leaders Donald Trump and Xi Jinping are expected to finalize a trade deal, a Crypto.news article. Meanwhile, accusations of manipulation emerged, with some traders pointing to Binance's large-scale BTC transfers as a catalyst for the volatility, a Coinpedia report. On-chain data, however, showed these movements were largely routine wallet reshuffling rather than coordinated dumping, according to Coinpedia.

Amid the turmoil, attention shifted to DeepSnitch AI (DSNT), a crypto analytics platform leveraging AI to track whale activity and market sentiment. The DSNT presale, now in stage 2, has raised over $480,000, with early investors reaping 37% gains, a FinanceFeeds article. The project's five AI agents—SnitchFeed, SnitchScan, SnitchGPT, SnitchCast, and AuditSnitch—offer real-time insights into on-chain data, scams, and market sentiment, positioning it as a tool to democratize access to high-level trading intelligence, a StreetInsider review. With a total supply of 1 billion tokens and a presale price of $0.02073, DeepSnitch's roadmap includes staking rewards, enterprise dashboards, and institutional compliance features, according to StreetInsider. Analysts highlight its alignment with the booming AI sector, projected to grow 25-fold by 2033, and its potential to outperform established AI tokens like TAO, Digital Journal reported.

Other presales, such as Layer Brett and Remittix, also drew investor interest. Layer Brett's high staking rewards (up to 590% APR) and focus on meme coin ecosystems attracted $4.4 million in its presale, per FinanceFeeds, while Remittix's cross-border payment solution raised $28 million, an OpenPR release. However, DeepSnitch's combination of utility, market timing, and institutional-grade analytics has made it a standout, with some predicting 500x returns as the AI narrative gains traction, according to FinanceFeeds.

The Fed's dovish pivot and the crypto market's mixed reaction underscore the sector's sensitivity to macroeconomic shifts. While long-term bullish sentiment persists—driven by expected rate cuts in 2026 and improved liquidity post-QT—the near-term outlook remains clouded by geopolitical risks and regulatory uncertainty, as Yahoo Finance noted. For investors, projects like DeepSnitch AI represent a strategic bet on AI-driven innovation, offering both speculative potential and tangible tools to navigate volatile markets, according to StreetInsider.