{"id":48560,"date":"2025-10-30T08:35:11","date_gmt":"2025-10-30T13:35:11","guid":{"rendered":"https:\/\/bitcoinmagazine.com\/?p=48560"},"modified":"2025-10-30T08:46:12","modified_gmt":"2025-10-30T13:46:12","slug":"bitcoin-price-craters-to-107000","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/markets\/bitcoin-price-craters-to-107000","title":{"rendered":"Bitcoin Price Craters to $107,000 as Fed Turns Cautious, Traders React to Trump\u2013Xi Meeting"},"content":{"rendered":"
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Bitcoin price tumbled sharply Thursday morning, falling to the low $107,000s as traders digested cautious remarks<\/a> from Federal Reserve Chair Jerome Powell and mixed signals from the latest Trump\u2013Xi meeting.\u00a0<\/p>\n\n\n\n

The bitcoin price<\/a> drop erased last week\u2019s rebound and extended the bitcoin\u2019s weak October performance, weighed down by macro headwinds and China-U.S. trade relations.<\/p>\n\n\n\n

The world\u2019s largest cryptocurrency was down to $107,472 by early Thursday, according to Bitcoin Magazine Pro data, after briefly plunging to $107,925 overnight.<\/p>\n\n\n\n

Bitcoin price reacts to Jerome Powell\u2019s comments<\/h2>\n\n\n\n

The move followed the Fed\u2019s<\/a> 25-basis-point rate cut on Wednesday \u2014 its second of 2025 \u2014 bringing the target range to 3.75%\u20134%. While the cut was widely anticipated, Powell\u2019s message was clear<\/a>: further easing this year is far from guaranteed.<\/p>\n\n\n\n

There were \u201cstrongly differing views among policymakers,\u201d Powell said during his post-meeting press conference, adding that the Fed might \u201cwait a cycle\u201d before considering another reduction. <\/p>\n\n\n\n

The remarks rattled markets that had been pricing in a December cut, with CME FedWatch data showing probabilities for another move dropping from 90% to just 71% after his comments.<\/p>\n\n\n\n

Risk assets broadly weakened yesterday. The S&P 500 finished flat, the Dow Jones Industrial Average slipped 0.2%, and the Nasdaq Composite managed a modest 0.6% gain. As of writing, markets for Thursday look bleak as well. <\/p>\n\n\n\n

Bitcoin, which traded near $116,000 earlier in the week, sank as Powell spoke, briefly touching $109,000 in a sharp sell-off before stabilizing near $111,000 overnight.<\/p>\n\n\n\n

The Fed\u2019s tone also overshadowed what had appeared to be a positive outcome from the Trump\u2013Xi summit. Following the meeting, President Trump said<\/a> China would \u201cimmediately resume soybean purchases\u201d and that \u201call rare-earth issues have been resolved.\u201d <\/p>\n\n\n\n

Still, it looks like traders remained cautious, focusing instead on the Fed\u2019s hawkish pivot and the ongoing U.S. government shutdown, now entering its fourth week.<\/p>\n\n\n\n

Institutional demand also showed early signs of weakness. U.S.-listed spot Bitcoin ETFs saw $470.7 million in outflows on Wednesday, ending a four-day inflow streak and marking the largest daily outflow since October 16, per Bitcoin Magazine Pro data.  <\/p>\n\n\n\n

Will the bitcoin price react to Quantitative Tightening ending? <\/h2>\n\n\n\n

Powell did confirm<\/a> that the Fed is nearing the end of its Quantitative Tightening (QT) program \u2014 a move that could eventually boost liquidity in risk assets. <\/p>\n\n\n\n

Since 2022, QT has drained nearly $1 trillion from the Fed\u2019s balance sheet by allowing Treasury and mortgage holdings to mature without reinvestment. <\/p>\n\n\n\n

Powell said the process could conclude by December but warned that future decisions remain data-dependent. Despite the sharp correction, analysts remain divided on Bitcoin\u2019s near-term direction. <\/p>\n","protected":false},"excerpt":{"rendered":"

Despite some positive news coming out of South Korea, bitcoin price continued to bleed down to $107,000. <\/p>\n","protected":false},"author":3817,"featured_media":48561,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[76,132,347,246,207,247,120],"class_list":{"0":"post-48560","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-bitcoin","9":"tag-bitcoin-price","10":"tag-china","11":"tag-fed","12":"tag-federal-reserve","13":"tag-price-action","14":"tag-trump"},"author_data":{"id":3817,"name":"Micah Zimmerman","nicename":"micahzimmerman","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/11\/Micah_Zimmerman_Author_Image.jpg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/10\/Bitcoin-Price-Craters-to-108000-as-Fed-Turns-Cautious-Traders-React-to-Trump\u2013Xi-Meeting.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/48560","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/3817"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=48560"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/48560\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/48561"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=48560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=48560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=48560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}