Crypto Morning News: Bitcoin Slips to 111K as Fed Cuts Rates and Nvidia Surges to $5 Trillion

Key Takeaways

The Federal Reserve cut rates by 25 bps to 3.75%–4.00% but stated that a December move is far from assured, citing data gaps from the government shutdown.
President Trump and China’s Xi Jinping head into Busan talks aiming for a narrow truce on tariffs, rare-earths, and fentanyl exports.
Nvidia became the first $5 trillion company, lifting the Nasdaq even as the Dow slipped and Fed remarks kept bond yields elevated.
Bitcoin held around $111K while gold climbed above $3,940 as traders weighed easier liquidity against a stronger U.S. dollar.

Geopolitics & Market Sentiment

On October 30, 2025, markets moved cautiously after the Federal Reserve cut interest rates by 25 basis points but warned that another move in December was “far from certain.”

At the same time, Nvidia stole the spotlight, becoming the world’s first $5 trillion company, while traders looked ahead to Thursday’s meeting between President Donald Trump and Chinese President Xi Jinping in Busan.

On the diplomatic front, Washington and Beijing are working to revive a fragile trade truce. U.S. officials said China may delay new restrictions on rare-earth exports and restart purchases of U.S. soybeans, while both sides prepare to discuss chemicals and technology export curbs.

Trump has hinted at easing tariffs if Beijing follows through, calling the meeting “a very important step toward fairness.”

Tensions remain high, however, with the U.S. considering 100% duties on certain Chinese goods if talks fail. Analysts say the meeting could restore temporary calm but will not resolve deeper competition over technology and supply chains.

On the economic front, the Fed lowered rates to a target range of 3.75% to 4.00%, but Chair Jerome Powell emphasized that policymakers are divided and that a December move will depend on data delayed by the ongoing government shutdown.

Powell also said the Fed was “driving in the fog” as key inflation and labor reports remain suspended.

Reacting these milestones, the 10-year Treasury yield climbed as short-term yields rose faster, flattening the curve. Mortgage rates, meanwhile, fell to a 13-month low at 6.30%, signaling early signs of relief in housing.

Equity markets were mixed, with the Nasdaq hitting another record high on Nvidia’s surge, while the S&P 500 finished flat and the Dow edged lower.

Gold slipped as the dollar firmed after Powell’s remarks, while oil traded unevenly, with WTI steady around $60 and Brent down over 3% on weaker demand expectations

In Crypto, Bitcoin traded around $111,000 after the Fed’s decision, with muted reaction as the move was fully expected.

Ethereum slipped below $3,950 and Solana hovered near $196, while Binance Coin gained over 1%. Traders said the coming Trump–Xi meeting and future Fed signals could shape near-term sentiment for digital assets.