Crypto Morning News: Bitcoin Pauses at 110K After Seven-Year October Run Ends

Key Takeaways

Markets held firm ahead of a busy U.S. earnings week as investors weighed the Fed’s next move and the strength of the AI-driven rally.
Washington and Beijing struck a deal to ease trade tensions with tariff reductions and a pause on new export controls.
OPEC+ approved a small December output hike and signaled a pause through early 2026 to prevent a potential supply glut.
Bitcoin hovered near $110K after ending its seven-year October winning streak, while gold eased slightly near $4,000.

Crypto Morning News: Geopolitics & Market Sentiment

On November 3, 2025, markets held steady as investors looked ahead to a heavy week of corporate earnings while weighing the Federal Reserve’s next move and the durability of the AI-driven rally.

Stocks have posted six straight months of gains, but doubts are creeping in after mixed tech results and fresh signals that the Fed may slow its pace of rate cuts.

On the diplomatic front, Washington and Beijing took a step back from confrontation, unveiling a deal to cool trade tensions. The agreement, reached during talks in Busan, includes tariff reductions on certain chemicals, a pause on China’s export controls for rare earths, and a one-year freeze on new U.S. technology blacklists.

Beijing also pledged to resume large-scale purchases of U.S. soybeans, while both sides agreed to ease port fees and trade restrictions that had disrupted shipping flows earlier in the year.

However, U.S.-related tensions flared in Africa after President Donald Trump warned that the military could take swift action in Nigeria if its government fails to stop attacks on Christians. The threat unsettled diplomats and added a fresh layer of uncertainty to an already tensed landscape.

On the economic front, more than 130 S&P 500 companies are set to report results this week, keeping earnings in focus as investors weigh whether profits can justify rich valuations.

Meanewhile, Fed Chair Jerome Powell cautioned that another rate cut in December “is not a foregone conclusion,” tempering hopes for continued policy easing. Treasury Secretary Scott Bessent pushed back, arguing that the Fed is falling behind the curve and that parts of the economy – especially housing – are already in recession.

Oil markets steadied after OPEC+ approved a small December output increase of 137,000 barrels per day while pausing further hikes through the first quarter of 2026. The move, designed to prevent a supply glut, follows fresh Western sanctions on Russian energy producers that have made it harder for Moscow to expand output.

In Crypto, Bitcoin hovered near $110,000 after posting its first October loss since 2018, breaking a seven-year streak of gains. Similarly, Ethereum and Solana eased, while Bitcoin’s market dominance surged back above 60%.

The drop followed the sharp liquidation earlier in the month triggered by Trump’s 100% China tariff threat. Traders said sentiment remains cautious as investors stay wary of further policy and rate uncertainty.