Биткоин снова на высоте: $111 300 после «прорывной» встречи Трампа и Си Headline: Bitcoin Peaks Again: $111,300 Following Breakthrough Trump-Xi Meeting

On October 30th, the value of the first cryptocurrency made a brief recovery to $111,300, attributed to indications of a thawing in relations between China and the United States.

By the time of this writing, the digital gold had adjusted to approximately $110,200.

Following a meeting with Chinese President Xi Jinping in South Korea, U.S. President Donald Trump announced his plans to lower trade tariffs on Chinese goods. This was reported by AP News citing his statement.

«I believe that on a scale from zero to ten, where ten is the best, I would rate the meeting a twelve,» Trump stated, also noting that a trade deal with China might be reached «very soon.»

Earlier, his announcement about imposing 100% tariffs on Chinese imports starting November 1st triggered the largest cascade of liquidations in the crypto market.

Aside from Bitcoin, Ethereum also displayed a positive trend. The price of the leading altcoin briefly rose to $4,000, before decreasing to around $3,900.

The broader cryptocurrency market remains in the «red zone.» The fear and greed index stands at 34, indicating investor uncertainty.

According to analysts, macroeconomic outlooks remain unclear, leading to a sustained risk of heightened volatility.

«So far, we’ve only heard statements from Trump, while China hasn’t confirmed anything. […] Uncertainty still prevails,» noted Derek Lim from Caladan in a comment to The Block.

The expert also highlighted unexpected remarks during the FOMC meeting, where some members opposed easing monetary policy by the Federal Reserve. The regulator’s chairman Jerome Powell also expressed uncertainty regarding further interest rate cuts.

Lim did not observe clear catalysts for market growth, stating that all potential factors have already been priced into the first cryptocurrency.

Analyst Axel Adler Jr. believes that future actions of the Federal Reserve will depend on employment and inflation data in the U.S. He emphasized that «significant changes in these indicators in the coming months are unlikely.» Nonetheless, he still expects a rate cut in December.

«Given that the market is trading based on expectations and statements from the Fed, one should prepare for increased volatility,» he warned.

Previously, Adler Jr. speculated about a potential new rally for the first cryptocurrency following the Federal Reserve’s meeting.

Further uncertainty in the market has been fueled by the actions of an early Bitcoin investor known as Owen Gunden. According to Lookonchain, in recent days, this whale transferred 2,587 BTC (approximately $290 million) to the Kraken exchange.

Users speculated that the player was preparing to sell assets to secure profits.

«Dude seems to have realized that Halloween is coming soon, so he decided the market needed a corresponding horror theme,» commented one user on social media.

In October, the volume of spot Bitcoin trading on major exchanges exceeded $300 billion, reaching a record level. This was noted by contributor CryptoQuant, who goes by the alias Darkfost.

«The trend reflects increasing activity from both retail traders and institutional participants, who are increasingly engaging in the spot market,» the expert wrote.

He added that the liquidations on October 11th prompted investors to adopt more conservative strategies. According to Darkfost, this indicates a rise in stability and resilience within the sector.

«A market driven more by spot trading than derivatives is typically healthier and more stable, as it is less vulnerable to extreme volatility caused by excessive open interest. This also reflects stronger organic demand and heightened endurance,» he concluded.

It is worth noting that the analyst under the pseudonym Crypto Dan predicted an end to the correction and the potential rally of altcoins.