The crypto markets fell slightly on Wednesday after Jerome Powell, chair of the Federal Reserve, hinted that an October interest rate cut of 25 points may be the last such cut in 2025. Bitcoin dropped 1.6% to trade at nearly $111,000, while Ethereum was down about 2% to around $3,900.
Analysts are cautiously optimistic, saying easing monetary conditions can support upward price momentum for BTC as long as the macroeconomic outlook is stable. The recent flash crash on October 10, which wiped out over $19 billion in positions, has stabilized, and traders are now waiting for the results of a meeting between Trump and Xi Jinping.
Experts believe the “reset” event reduced short-term risk tolerance, but warn that the fluctuating macroeconomic backdrop remains the dominant driver of this crypto cycle.
Source: https://fortune.com/crypto/2025/10/30/bitcoin-price-today-ethereum-jerome-powell-federal-reserve-interest-rate-cuts