Bitcoin Magazine Bitcoin Price Craters to $107,000 as Fed Turns Cautious, Traders React to Trump–Xi Meeting

Bitcoin price tumbled sharply Thursday morning, falling to the low $107,000s as traders digested cautious remarks from Federal Reserve Chair Jerome Powell and mixed signals from the latest Trump–Xi meeting.

The bitcoin price drop erased last week’s rebound and extended the bitcoin’s weak October performance, weighed down by macro headwinds and China-U.S. trade relations.

The world’s largest cryptocurrency was down to $107,472 by early Thursday, according to Bitcoin Magazine Pro data, after briefly plunging to $107,925 overnight.

Bitcoin price reacts to Jerome Powell’s comments

The move followed the Fed’s 25-basis-point rate cut on Wednesday — its second of 2025 — bringing the ta

See Full Page