Crypto Morning News: Bitcoin Slides to 108K as Fed Cut & Trump–Xi Truce Fail to Lift Risk Mood

Key takeaways

A limited Trump–Xi tariff truce eased tensions but offered little sign of a lasting reset.
The Fed’s cautious tone on further cuts lifted the dollar and pushed yields higher, weighing on equities.
Gold surged more than 2% as investors sought shelter from earnings-driven volatility.
Bitcoin fell toward $108K while Ethereum and Solana saw deeper losses amid broad risk aversion.

Geopolitics & Market Sentiment

On October 31, 2025, markets recorded a tech-led pullback as investors weighed a “hawkish” Fed rate cut, a firmer dollar and a tactical U.S.–China tariff truce, while mega-cap earnings setbacks pushed demand toward havens such as gold.

On the diplomatic front, President Donald Trump and China’s Xi Jinping agreed to a limited one-year truce that lowers tariffs on Chinese goods to 47% from 57% in exchange for Beijing resuming U.S. soybean purchases, keeping rare-earth exports flowing, and cracking down on illicit chemicals trade.

The agreement helped calm markets initially but soon reminded investors that both sides are merely buying time for tougher negotiations ahead, as Washington continues to press Beijing on technology access and narcotics control while China seeks greater stability in trade ties.

On the economic front, the Federal Reserve lowered rates by 25 basis points but signaled that a December move is “far from” assured, sparking debate over whether more easing would do much good with labor data looking uneven and key reports delayed by the government shutdown.

Meanwhile, the European Central Bank kept policy unchanged and said conditions were in a “good place,” while the Bank of Japan left rates steady but flagged a possible hike if wage momentum holds.

Long-term Treasury yields ticked higher as the dollar strengthened to multi-month highs against the yen, while oil held steady, with traders weighing oversupply risks against a slight pickup in demand from easier policy.

Gold firmed more than 2% as investors sought protection from earnings volatility and policy uncertainty.

In Crypto, major tokens softened over the last 48 hours alongside broader risk assets. Bitcoin drifted toward $108,000 as the stronger dollar and higher long-end yields dulled risk appetite, while Ethereum slipped below $3,800 and Solana dipping to &182.

Meanwhile, Bitcoin dominance edged toward 60%, reflecting a cautious rotation back into major tokens, as altcoins witnessed steeper declines.