Bitcoin News Today: Geopolitical Truce and ETF Inflows Fuel Bitcoin's Bull Run

Bitcoin's recent price surge has ignited optimism in the cryptocurrency market, with analysts pointing to a confluence of geopolitical developments, fund flows, and regulatory shifts as catalysts for the bullish trend. The confirmation of a high-profile Trump-Xi meeting in South Korea has eased concerns over U.S.-China trade tensions, sending Bitcoin higher by 1.6% to $111,390, according to a Barron's report. The White House's announcement that President Trump will meet with Chinese leader Xi Jinping on October 30 has raised hopes for de-escalation in their trade dispute, reversing earlier selloffs triggered by Trump's threats of additional tariffs.

The positive momentum is further supported by robust inflows into Bitcoin exchange-traded funds (ETFs). On October 23, spot Bitcoin ETFs attracted $90.60 million in net inflows, with Fidelity (FBTC) and BlackRock (IBIT) leading the charge by gaining $57.92 million and $32.68 million, respectively, according to a Coinpedia analysis. This contrasts sharply with Ethereum ETFs, which recorded $93.60 million in outflows, underscoring Bitcoin's dominance in the current market cycle. The total trading value of Bitcoin ETFs reached $3.34 billion, with net assets now accounting for 6.78% of the Bitcoin market cap.

Meanwhile, venture capital activity in the crypto sector remains robust, with Coinbase acquiring on-chain investment platform Echo for $375 million in a strategic move to expand its ecosystem, according to a crypto.news report. The week of October 19-25 saw $587.92 million in crypto VC funding across 22 projects, including Pave Bank's $39 million Series A round and Sign's $25.5 million strategic investment. These developments highlight growing institutional confidence in blockchain innovation despite broader market volatility.

Adding to the bullish narrative, DeLeion Capital has flagged BNB as a key opportunity following the U.S. government's pardon of Binance co-founder Changpeng Zhao, according to a DeLeion Capital release. The firm notes that BNB's recent technical breakout and increased trading volume signal renewed institutional interest, positioning the asset to benefit from a regulatory environment perceived as softening.

Market participants are also eyeing broader trends, including the resumption of historical November price patterns for Bitcoin and Ethereum, as noted in a CoinMarketCap article. Super Bull Tom Lee and other analysts have reiterated bullish forecasts, while Kyrgyzstan's launch of a national stablecoin on the BNB Chain underscores the asset's expanding utility.