Crypto Markets Struggle to End October on a High Note Bitco
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Updated at: 7 hours ago
{"content":"Crypto Markets Struggle to End October on a High Note
Bitcoin and other major cryptocurrencies remained under pressure early Friday, concluding a volatile October marked by macroeconomic uncertainty and shifting Fed expectations.
$BTC traded at $109,863, down 0.4% over the past 24 hours but recovering from Thursday’s low of $106,429. The leading crypto has fallen 3.7% this month but remains 18% higher year-to-date.
$ETH slipped 1.5% to $3,844, extending its monthly loss to over 8%. Meanwhile, XRP dropped 2.8%, bringing October’s decline to 12.5%. However, both remain in positive territory for 2025.
Crypto ETFs, such as $HBAR are showing signs of investor caution. This transition reflects growing macro anxiety fueled by persistent inflation, elevated interest rates, and uncertainty around the Federal Reserve’s policy path.
The Fed’s quarter-point rate cut earlier this week offered brief relief, but Chair Jerome Powell pushed back against expectations for another cut in December, saying it’s “not a foregone conclusion. Far from it.”
Still, if upcoming data bolsters the case for additional easing, risk assets like Bitcoin could rebound sharply. The challenge: a government shutdown has delayed key U.S. economic reports, leaving markets operating in the dark.
Lower borrowing costs typically boost demand for speculative assets by making them more attractive relative to bonds, a dynamic that could decide whether crypto finishes 2025 with a rally or deeper correction.","images":["https://d35imkjvkj28kt.cloudfront.net/uploadfile/article/blog/2025102025/10/31/0d7a3e2619f7fc96c960009a4bf15700.png"],"tags":[],"tradingPairs":["HBAR/USDT"],"quotearticleid":0}