Биткойн достигает $111,300 на фоне оптимистичных настроений после встречи Трампа и Си Bitcoin reaches $111,300 amid optimistic sentiments following Trump and Xi meeting

On October 30, the value of the first cryptocurrency temporarily climbed to $111,300, driven by suggestions of a thaw in relations between China and the U.S.

As of this writing, digital gold has adjusted to around $110,200.

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

«On a scale from zero to ten, where ten is perfect, I would rate the meeting at 12,» Trump stated, also noting that a trade agreement with China might be reached quite soon.

Previously, his announcements about implementing 100% tariffs on Chinese imports starting November 1 had triggered the largest liquidation cascade in the cryptocurrency market.

In addition to Bitcoin, Ethereum also displayed positive momentum, temporarily rising to $4,000, before stabilizing around $3,900.

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

Analysts note that macroeconomic outlook remains unclear, leading to a sustained risk of heightened volatility.

«So far, we have only heard statements from Trump; China has yet to confirm anything. […] Uncertainty still lingers,» remarked Derek Lim from Caladan in a comment to The Block.

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

Lim did not see clear catalysts for market growth, indicating that all possible factors appear to be already reflected in Bitcoin’s price.

Analyst Axel Adler Jr. believes that the Federal Reserve’s subsequent moves will depend on employment and inflation data in the U.S., stressing that «significant changes in these indicators in the coming months are unlikely.» However, he still anticipates a decrease in the key rate in December.

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

Previously, Adler Jr. considered the possibility of a new rally for the first cryptocurrency post-Fed meeting.

Furthermore, additional uncertainty in the market has arisen from the actions of 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 this player is preparing to sell assets for profit-taking.

«Dude seems to have realized Halloween is coming, so he decided the market needed a horror vibe,» commented one user.

In October, Bitcoin’s spot trading volume on major exchanges surpassed $300 billion, reaching a record high. This was noted by a contributor to CryptoQuant under the alias Darkfost.

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

He added that the liquidations on October 11 led 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 rather than derivatives is usually healthier and more stable, as it is less susceptible to extreme volatility caused by excessive open interest growth. It also reflects stronger organic demand and increased resilience,» he concluded.

Let us recall that the analyst under the pseudonym Crypto Dan predicted the end of the correction and a rally in altcoins.