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Bitcoin price drops 3.8% to $108,572 after Trump-Xi meeting and cautious Fed comments. Crypto markets turn red despite strong ETF inflows. Bitcoin price today slipped sharply as traders reacted to the outcome of the Trump–Xi meeting and cautious remarks from the Federal Reserve. The world’s largest cryptocurrency fell 3.8% to $108,572 by early Thursday, losing momentum after briefly rebounding last week. Bitcoin’s October performance also stayed weak, still recovering from an early-month flash crash. Crypto prices today reflected clear risk-off sentiment. Ethereum dropped 3.6% to $3,871, Solana fell 1.4% to $191.95, while XRP slumped 4.1% to $2.51. Dogecoin was down 3.2% at $0.1877, and Cardano slid 2.1% to $0.6295. Despite the overall weakness, Bitcoin maintained a $2.16 trillion market cap, commanding over 45% of the total crypto market, according to CoinMarketCap data. The decline came after Federal Reserve Chair Jerome Powell signaled that the recent 25-basis-point rate cut could be the last one for 2025. Powell said there were “strongly differing opinions” among policymakers, noting that the Fed might “wait a cycle” before further easing. That cautious tone rattled risk assets, with the S&P 500 closing flat, Dow Jones down 0.2%, and Nasdaq up 0.6%. Institutional inflows, however, remained a bright spot. Spot Bitcoin ETFs saw $202.48 million in net inflows on October 28, pushing cumulative inflows to $62.34 billion. BlackRock’s IBIT led with $59.6 million, followed by Ark & 21Shares (ARKB) with $75.84 million, and Fidelity’s FBTC with $67.05 million. Total Bitcoin ETF assets now stand at $154.81 billion, about 6.9% of Bitcoin’s total market cap. Ethereum ETFs also recorded solid gains, with $246.02 million in inflows led by Fidelity’s FETH ($99.27 million), BlackRock’s ETHA ($76.37 million), and Grayscale’s ETHE ($73.03 million). Their total inflows crossed $14.7 billion, signaling steady institutional confidence despite short-term volatility.Live Events Adding to the headlines, Trump Media & Technology Group announced a partnership with Crypto.com to launch prediction markets on Truth Social, making it the first publicly traded social platform to offer such blockchain-based trading features. Users will soon be able to trade on real-world events including elections and economic data, highlighting a broader mainstream adoption of crypto-linked financial services. Bitcoin’s next move hinges on market sentiment and Fed signals. Analysts say a recovery above $110,000 could open doors toward the $115,000 resistance zone if ETF inflows stay strong and macro headwinds ease.Bitcoin slides as traders react to Trump-Xi talks and Fed uncertainty Bitcoin price today fell sharply after investors reacted to cautious remarks from Federal Reserve Chair Jerome Powell and mixed signals from U.S.-China talks. The world’s largest cryptocurrency dropped 3.8% to $108,572.57 in the past 24 hours, according to CoinMarketCap data. Trading volumes surged to $66.2 billion, with Bitcoin’s market capitalization now at $2.16 trillion. Despite the pullback, BTC still commands over 45% of the total crypto market. The selloff came after Powell suggested the recent 25-basis-point rate cut could be the last for 2025. The comment unsettled risk assets as investors grew cautious over monetary policy direction. Fed rate cut pause sparks market-wide crypto losses The crypto market mirrored the Fed’s tone. Bitcoin led declines, but altcoins followed suit. Ethereum fell 3.6% to $3,871.51, holding a market cap of $467.28 billion. Trading volume stood at $38.9 billion. XRP dropped 4.1% to $2.51, while Solana slipped 1.3% to $191.95. Dogecoin fell 3.1% to $0.1877, and Cardano lost 2.1% at $0.6295. BNB remained comparatively resilient, easing only 0.68% to $1,102.46 with a $151.85 billion market cap. Stablecoins, including Tether (USDT) and USD Coin (USDC), held steady at $0.9999 and $0.9997 respectively, with volumes of $148.81 billion and $20.24 billion. Strong Bitcoin ETF inflows show institutions are buying the dip Despite the market’s weakness, institutional buying remained strong. Spot Bitcoin ETFs saw $202.48 million in net inflows on October 28, bringing total cumulative inflows to $62.34 billion. BlackRock’s IBIT led with $59.60 million in inflows, followed by Ark & 21Shares (ARKB) with $75.84 million, and Fidelity’s FBTC with $67.05 million. Combined, Bitcoin ETFs now manage $154.81 billion in assets—equal to 6.88% of Bitcoin’s total market cap. Ethereum ETFs also rebounded, recording $246.02 million in inflows on the same day. Fidelity’s FETH brought in $99.27 million, BlackRock’s ETHA received $76.37 million, and Grayscale’s ETH added $73.03 million, lifting total Ethereum ETF inflows to $14.73 billion. Trump-Xi meeting boosts trade hopes but fails to lift crypto President Donald Trump said he had an “amazing, outstanding” meeting with Chinese President Xi Jinping in South Korea. Trump confirmed that both sides were close to a trade deal covering rare earth supplies and agricultural goods. He also announced plans to halve fentanyl tariffs, cutting overall U.S. tariffs on China from 57% to 47%. Markets welcomed the tone but remained cautious as details on the timing and content of the deal were still unclear. Crypto traders largely ignored the positive rhetoric, focusing instead on macro uncertainty. Bitcoin’s early-October flash crash had also been triggered by renewed U.S.-China trade tensions. Outlook: Bitcoin eyes key $115K resistance amid macro headwinds Bitcoin is now testing support around $108,000 after forming a potential double-bottom pattern. Analysts see resistance near $115,000 and $117,600, a crucial Fibonacci level. A breakout above this could open room toward $120,500 or even $124,150, while a fall below $108,000 could drag prices toward $105,500. Despite volatility, institutional inflows and growing political attention—like Germany’s AfD proposal to recognize Bitcoin as a national asset—suggest lasting confidence in crypto. Meanwhile, Bitcoin Hyper ($HYPER), a Solana-based Bitcoin Layer 2, continues to gain traction. Its presale crossed $25.2 million, reflecting rising interest in Bitcoin infrastructure and speed solutions.Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) Read More News onBitcoin price prediction: Bitcoin falls to $108000bitcoin price todaycrypto pricesfed rate cuttrump xi meetingethereum pricebitcoin etf inflowscrypto market news (Catch all the US News, UK News, Canada News, International Breaking News Events, and Latest News Updates on The Economic Times.) 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