Bitcoin Regains $110,000 After Volatile Week
Bitcoin climbed back above $110,000 early Friday, recovering from a recent low near $107,000. The move came after the Federal Open Market Committee meeting and renewed optimism from U.S.�China trade talks improved global risk sentiment. This rebound occurred even as U.S. spot crypto exchange-traded funds (ETFs) continued to see pronounced outflows.
Fed Caution and Diplomatic Progress Shape Market Mood
On Wednesday, Federal Reserve Chair Jerome Powell stated that a rate cut in December "is not a foregone conclusion." Markets first reacted by pushing Bitcoin down, but optimism returned following diplomatic progress between Washington and Beijing. At a meeting in South Korea, President Donald Trump and Chinese President Xi Jinping announced agreements that included tariff reductions and measures in trade, energy, and fentanyl enforcement.
- Kyle Rodda, senior analyst at Capital.com, noted that traders shifted focus from Fed policy to the implications of the U.S.�China discussions.
- Timothy Misir, head of research at BRN, said these agreements provided a "confidence boost" to global markets.
ETF Outflows Underscore Lingering Uncertainty
On Thursday, U.S. spot bitcoin ETFs registered net outflows of about $488 million, with no individual fund seeing inflows. Related funds also logged outflows, except for Bitwise�s BSOL, which drew net inflows of $37.33 million, marking three consecutive days of positive flows. This cautious positioning reflects ongoing uncertainty, with government gridlock delaying key economic data releases like the U.S. GDP report.
October Performance Lags Despite Long-Term Optimism
Despite Bitcoin reaching a new all-time high earlier in the month, October 2025 is on track to be one of bitcoin�s weakest Octobers in over a decade, according to CoinGlass. Still, some analysts remain positive about the long-term outlook.
- Paul Howard, senior director at Wincent, expects Bitcoin to hold in the $110,000-$120,000 range after the Fed rate cut, despite concerns that further cuts could be delayed.
- He added that current conditions may favor short-term accumulation ahead of potential macro improvement in November.
Ether held near $3,900, BNB traded close to $1,100, and SOL stayed below $190. The broader crypto market cap remained around $3.76 trillion. Market watchers continue to monitor the interplay between macroeconomic policy, diplomatic developments, and ETF flows for signals on cryptocurrency direction as the month closes.
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