Bitcoin extended its retreat on Thursday as traders parsed upbeat\u2014but thin\u2014headlines from a meeting between U.S. and Chinese leaders and a Federal Reserve message that offered little comfort to dovish hopes. The world\u2019s largest cryptocurrency fell 2.5% to $110,225 by 01:52 ET (05:52 GMT), unwinding much of last week\u2019s rebound and leaving October in the red after the flash crash that hit at the start of the month.<\/p>\n\n\n\n
Sentiment initially found a modest lift after President Donald Trump described his talks with President Xi Jinping in South Korea as \u201camazing\u201d and said a trade agreement was \u201cpretty close,\u201d pointing to progress on rare-earth supplies and U.S. agricultural purchases\u2014two of the most sensitive topics in the relationship. He also said he would halve fentanyl-linked tariffs on China, implying a cut in overall U.S. tariffs to 47% from 57%. Yet the absence of concrete timelines or signed commitments kept risk appetite contained. For crypto specifically, the trade d\u00e9tente matters less for cash flows than for psychology: bitcoin\u2019s early-October plunge was sparked chiefly by a sudden deterioration in U.S.\u2013China rhetoric, so traders are inclined to fade relief rallies until details appear on paper.<\/p>\n\n\n\n
The macro undertone turned heavier after the Federal Reserve delivered a widely expected 25-basis-point rate cut\u2014its second this year\u2014while warning that a December move was not a given. Policymakers flagged sticky inflation and reduced visibility into the economy amid a prolonged government shutdown. In practice, that combination supports real yields and the dollar at the margin, conditions that typically dampen demand for non-yielding assets like bitcoin. With the policy path still data-dependent, speculative positioning has little incentive to chase topside levels without a clearer signal that the easing cycle will accelerate.<\/p>\n\n\n\n
Corporate news in the background underscored crypto\u2019s slow-burn mainstreaming. Fortune reported that Mastercard is in late-stage talks to acquire Zerohash, a crypto and stablecoin infrastructure firm, in a deal valued between $1.5 billion and $2 billion. While such an acquisition would mark another notable bridge between traditional finance and digital assets, it did little to offset the near-term macro drag. Stablecoins remain a focal point for large institutions following regulatory clarifications in the U.S. earlier this year, but those structural shifts tend to influence adoption curves over quarters, not trading ranges over days.<\/p>\n\n\n\n
Broader digital-asset prices tracked bitcoin lower. Ether slipped 2.7% to $3,915.69, BNB eased 0.8% to $1,112.40, and XRP shed 2.5%, while Solana and Cardano posted more measured declines of 0.3% and 1.1%, respectively. Among memecoins, Dogecoin fell 1.7%. One outlier was the $TRUMP token, which rose nearly 5% after reports that the entity behind it, Fight Fight Fight LLC, is in talks to acquire the U.S. operations of crowdfunding platform Republic.com\u2014another reminder that token-specific catalysts can decouple from the macro tape.<\/p>\n\n\n\n
Technically, bitcoin\u2019s failure to build on last week\u2019s recovery leaves the near-term tone fragile. Sellers defended the $116,000 area, and prices are testing support around $110,000. Without a dovish shift in Fed communication or tangible U.S.\u2013China deliverables, rallies are likely to meet supply near recent breakdown zones.<\/p>\n\n\n\n
Near-term direction will hinge on three catalysts: follow-through from Washington and Beijing in the form of written tariff and export-control steps; incoming inflation and labor data that could re-open the door to a December Fed cut; and the persistence\u2014or fading\u2014of positive spot-ETF flows. For now, bitcoin remains a passenger to macro currents, with volatility primed to pick up as those narratives evolve.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin extended its retreat on Thursday as traders parsed upbeat\u2014but thin\u2014headlines from a meeting between U.S. and Chinese leaders and a Federal Reserve message that offered little comfort to dovish hopes. The world\u2019s largest cryptocurrency fell 2.5% to $110,225 by 01:52 ET (05:52 GMT), unwinding much of last week\u2019s rebound and leaving October in the …<\/p>\n","protected":false},"author":9,"featured_media":101614,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,6827,49,36],"tags":[],"class_list":["post-120432","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-daily-economic-reports","category-economic-reports","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120432","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=120432"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120432\/revisions"}],"predecessor-version":[{"id":120433,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120432\/revisions\/120433"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/101614"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=120432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=120432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=120432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}