BTC steadies as markets expect a 25 bps Fed cut; analysts highlight ETF inflows and technical resilience despite weaker short-term risk appetite.
Bitcoin hovered near $113,000 in Wednesday’s Asian trading as markets awaited the Federal Reserve’s Oct. 28–29 policy decision, with a 25 basis point rate cut widely anticipated. Liquidity tightening, a stronger dollar, and early signs of U.S. regional bank stress weighed on sentiment, while crypto markets showed resilience from institutional inflows and ETF demand. Ether traded around $4,028, Solana and Binance’s BNB fell about 2%, and XRP extended gains to $2.62. Analysts noted BTC remained above key moving averages, with $117K–$120K as strong resistance and $108K as support. Total crypto capitalization stayed near $3.9 trillion, well above key averages. Separately, World Liberty Financial will distribute 8.4 million WLFI governance tokens to early participants in its USD1 stablecoin points program after driving over $500 million in trading volume.