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Bitcoin News Update: Could Diplomacy Between Trump and Xi Along With Fed Rate Reductions Propel Bitcoin to $143,000?

Bitcoin News Update: Could Diplomacy Between Trump and Xi Along With Fed Rate Reductions Propel Bitcoin to $143,000?

Bitget-RWA2025/10/29 06:38
By:Bitget-RWA

Bitcoin Eyes $143,000 as Market Dynamics Shift Dramatically

Bitcoin (BTC) has broken above $113,000, with both investors and analysts anticipating a possible rally toward $143,000 as global economic and political factors evolve. Recent on-chain metrics show that Bitcoin’s total value locked (TVL) in decentralized finance (DeFi) platforms grew by $400 million from October 17 to 26, reflecting renewed confidence from long-term holders as more capital flows into

staking and lending, according to a . This momentum aligns with a wave of optimism after the U.S. and China reached a trade agreement, which boosted the overall crypto market capitalization to $3.83 trillion and propelled above significant technical support, as noted in a .

Bitcoin News Update: Could Diplomacy Between Trump and Xi Along With Fed Rate Reductions Propel Bitcoin to $143,000? image 0

Expectations for the upcoming Trump-Xi Jinping summit in South Korea on October 30 are also fueling bullish sentiment, with the White House confirming that the meeting will prioritize reducing trade tensions, according to a

. President Donald Trump has expressed optimism, suggesting the discussions could be highly beneficial for both countries. Meanwhile, the Federal Reserve’s policy announcement on October 29 remains a key factor, with markets currently assigning a 96.2% chance of a 375–400 basis point rate cut, as projected by Yahoo. Analysts believe a dovish stance could drive Bitcoin to the $115,000–$118,000 range, while any escalation in geopolitical risks or tighter monetary policy could see prices retreat to the $109,000 support level, the same forecast indicated.

Institutional interest is also on the rise, with Bitcoin spot ETFs attracting $149 million in net inflows on October 28 alone, according to an

. Total inflows for (ETH) have reached $14.49 billion, FXStreet reported. Ethereum’s price has rebounded to $4,049, reclaiming the $4,000 threshold as trade optimism returns, Coinpedia stated. Additionally, Ethereum treasury organizations now surpass their Bitcoin counterparts in terms of circulating supply, holding 3.2 million (0.40% of the total supply) compared to Bitcoin’s 0.36%. This development is credited to Ethereum’s energy-saving proof-of-stake protocol and clearer regulations expected in 2025, according to an .

Other altcoins such as

and (SOL) are also experiencing gains amid the risk-on environment. XRP has climbed to $2.66, extending its rebound from a weekly low of $2.32, according to a , while Solana reached $197.70, as reported by Coinpedia. Technical signals continue to support the bullish case: Bitcoin’s 50-day EMA stands at $113,406, and a persistent MACD buy signal points to further upside, FXStreet observed. Still, traders are wary of short-term swings, with Ethereum’s RSI approaching overbought levels and XRP’s price oscillating between important moving averages, FXStreet added.

The direction of the market will largely depend on the results of the Trump-Xi summit and the Fed’s policy decision. Should trade relations improve and rate cuts be implemented, Bitcoin could soon challenge the $116,000 resistance, with a breakout potentially paving the way for a move toward $120,000, FXStreet noted. For now, investors are weighing optimism against caution as global events and economic policies continue to influence the cryptocurrency sector.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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