The price of Bitcoin (BTC) started with a notable upward trend from the last week of October, passing the $115,000 per unit barrier.
Digital asset markets are reflecting strong optimism in the face of two macroeconomic events that could determine the direction of prices at the end of the year. US Federal Reserve System (FED) Decision and one High-level meeting between President Donald Trump and President Xi Jinping.
Traders' attention is first focused on the Federal Reserve's Federal Open Market Committee (FOMC) meeting, which concludes this Wednesday, October 29th.
As reported by CriptoNoticias, there is near-unanimous consensus in the market. Lower interest rates by 25 basis points.
Analytical tools such as CME Group's FedWatch put the probability of this action at over 96%, a sentiment echoed by economists at major financial institutions.
Loan monetary policy by the United States has historically favored assets in tight supply, like Bitcoin, by increasing liquidity in the system.
Second, it is expected that US President Donald Trump and Chinese President Xi Jinping hold summit meetingnext Thursday is South Korea.
This was revealed by sources from both countries. Progress towards agreement to end the “tariff war” This creates uncertainty for the global economy in 2025. A tentative agreement has already been reached regarding rare earths.
A positive outcome from this meeting would reduce geopolitical risks. This is a scenario that could accelerate the rotation of capital from traditional assets such as gold to Bitcoin.
This boost occurs after one week. Bitcoin has shown remarkable resilience against gold, which suffered its worst day-to-day decline.
The market's apparent calm over the last week seems to be a harbinger of more volatility as investors wait for such triggers.
