{"content":"Calm Before the Surge 🌅 — Bitcoin Settles at $101K With Market Relief Rising Bitcoin stays around $101,000 on Wednesday, finding support at a key milestone after a severe fall. China will ease agriculture tariffs while Trump lowers fentanyl tariffs on China, boosting market mood. On Tuesday, US-listed spot ETF outflows reached $577.74 million, the largest since early August. BTC price is approaching $101,000 on Wednesday, finding support at a critical milestone amid diminishing US-China trade tensions. China lifting some tariffs on US agricultural items and Trump cutting fentanyl-related import taxes calmed global markets. Despite improving economic mood, US-listed spot Bitcoin Exchange Traded Funds (ETFs) had withdrawals of almost $577 million on Tuesday, suggesting institutional demand for the biggest cryptocurrency by market capitalization is dwindling. Bitcoin price stabilizes at $101,000 in European trade on Wednesday after falling more than 8% this week. This slight price resistance comes despite improved macro circumstances, as the Chinese Finance Ministry said on Wednesday that it would eliminate certain US agricultural tariffs beginning November 10. China would also suspend 24% of US tariffs for a year while keeping other items at 10%. After meeting with a US agricultural group, China's chief trade negotiator, Li Chenggang, encouraged the US to foster greater collaboration. These developments follow US President Donald Trump's Tuesday decision to drop fentanyl-related tariffs on Chinese imports from 20% to 10% and freeze certain reciprocal levies on Chinese products. Bitcoin price rejected its broken trendline on Monday and fell 8.18% till Tuesday, retesting the 50% retracement level around $100,353. Wednesday's BTC price is $100,353 and little over $101,000. If the 50% retracement level at $100,353 holds, BTC might rebound to $106,435, the next important resistance level. BTC might fall to the next daily support at $97,460 if it closes below $100,353. #BTCDown100k #MarketPullback #TrumpBitcoinEmpire $BTC $ETH $BNB ","images":["https://d35imkjvkj28kt.cloudfront.net/uploadfile/article/blog/2025112025/11/05/a352039870237eed7d89e02f6bbbc12f.png"],"tags":[],"tradingPairs":["BNB/USDT"],"quotearticleid":0}