Bitcoin News Today: Will Trump-Xi Diplomacy and Fed Cuts Push Bitcoin to $143K?

Bitcoin's Price Surge Targets $143,000 in Dynamic Market Shift

Bitcoin (BTC) has surged past $113,000, with analysts and investors betting on a potential climb toward $143,000 amid shifting macroeconomic dynamics and geopolitical developments. On-chain data reveals a $400 million increase in Bitcoin's total value locked (TVL) in decentralized finance (DeFi) protocols between October 17 and 26, signaling renewed long-term confidence as investors deploy BTC into staking and lending mechanisms, according to a Bitcoin price forecast. This trend coincides with broader market optimism following a U.S.-China trade framework agreement, which lifted the crypto market cap to $3.83 trillion and pushed Bitcoin above key technical support levels, a Coinpedia report.

The bullish momentum is further fueled by anticipation of the Trump-Xi Jinping summit in South Korea on October 30, with the White House confirming the meeting will focus on de-escalating trade tensions, according to a Barron's report. President Donald Trump has emphasized optimism about the talks, stating they could yield "very well" for both nations. Meanwhile, the U.S. Federal Reserve's upcoming policy decision on October 29 remains a critical variable, with markets pricing in a 96.2% probability of a 375–400 basis point rate cut, the Yahoo forecast noted. Analysts suggest a dovish outcome could propel Bitcoin toward $115,000–$118,000, while geopolitical friction or tighter monetary policy might trigger a pullback toward $109,000 support, the same forecast added.

Institutional demand has also gained traction, with Bitcoin spot ETFs seeing $149 million in net inflows on October 28 alone, according to an FXStreet report. Cumulative inflows for Ethereum (ETH) have reached $14.49 billion, FXStreet noted. Ethereum's price rebounded to $4,049, reclaiming the $4,000 level amid renewed trade optimism, Coinpedia reported. Meanwhile, Ethereum treasury firms have overtaken Bitcoin counterparts in circulating supply dominance, holding 3.2 million ETH (0.40% of total supply) compared to Bitcoin's 0.36%. This shift is attributed to Ethereum's energy-efficient proof-of-stake model and regulatory clarity in 2025, according to an Ethereum analysis.

Altcoins like XRP and Solana (SOL) are also benefiting from the risk-on sentiment. XRP surged to $2.66, extending its recovery from a seven-day low of $2.32, according to a TradingView piece, while Solana climbed to $197.70, Coinpedia noted. Technical indicators reinforce the bullish outlook: Bitcoin's 50-day EMA at $113,406 and a sustained MACD buy signal suggest continued upward momentum, FXStreet said. However, traders remain cautious about short-term volatility, with Ethereum's RSI near overbought territory and XRP's price fluctuating between key moving averages, FXStreet added.

The market's trajectory hinges on the Trump-Xi meeting's outcomes and the Fed's policy stance. If trade tensions ease and rate cuts materialize, Bitcoin could test $116,000 resistance next, with a break above this level potentially setting the stage for a $120,000 target, FXStreet noted. For now, investors are balancing optimism with prudence, as geopolitical and macroeconomic factors continue to shape the crypto landscape.