Bitcoin 
$76,830 recently retested the $110,000 level as diplomatic easing between the United States and China invigorated global risk appetite. Federal Reserve Chairman Jerome Powell’s statement suggesting that a December rate cut was “not certain” led Bitcoin to fall to $107,000. However, it stabilized between $109,600 and $110,200 by Friday morning. Analysts believe the market focus has shifted from hawkish rate cut discussions to the trade agreement between Washington and Beijing.
Diplomatic Developments Offer Market Relief Amid Fed Uncertainty
Senior analyst at Capital.com, Kyle Rodda, expressed that investors are presently more focused on US-China relations than on short-term Fed guidance. President Donald Trump and Chinese President Xi Jinping, meeting in South Korea, announced a new agreement covering tariff reductions and energy collaborations. Timothy Misir, Research Director at BRN, highlighted that the agreement was particularly reassuring with commitments in trade, energy, and fentanyl regulation.
With macroeconomic data delayed due to the US government shutdown, analysts agree that diplomatic developments temporarily filled the “data void” in the market. While Ether traded at $3,900, BNB at $1,100, and Solana 
$84 slightly below $190, the total cryptocurrency market value hovered around $3.76 trillion.
Bitcoin Concludes October Weak Amid Ongoing ETF Outflows
US-based spot crypto ETFs continued to face selling pressure throughout the week, culminating on Friday. Spot Bitcoin ETFs saw a net outflow of approximately $488 million, with no recorded inflows. Ether ETFs experienced a $184 million outflow, whereas Solana presented an exception; driven by Bitwise’s BSOL fund, it registered $37.3 million in inflows over three consecutive days.
According to CoinGlass data, October 2025 is poised to be one of the weakest Octobers of the past decade. The sharp correction that followed the month’s peak levels resulted in liquidations exceeding $10 billion. Wincent Director Paul Howard maintains that the long-term outlook remains robust, suggesting Bitcoin could stabilize in the $110,000–$120,000 range. He also pointed out that the possibility of rate cut delays temporarily pressured prices, but macro improvements before November might “lift risk assets again.”
