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4h ago

Bitcoin Slips Toward $110,000 After Fed Cut as Powell Tempers December Easing Hopes

Cautious post-cut guidance from Jerome Powell fueled a sell-the-news drop that pressed prices into key support despite steady ETF demand.

Bitcoin slips to $111K after Fed’s rate cut: $179M in long positions wiped out
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Bitcoin dropped 1.6% over the past 24 hours to trade at nearly $111,000.
Bitcoin - Can modest ETF inflows hold BTC above $112K? 

Overview

  • The Federal Reserve lowered rates by 25 basis points to a 3.75%–4.00% target range, and Powell said a year-end cut is “not a foregone conclusion.”
  • Bitcoin fell roughly 3%–4% to trade around $110,000–$114,000, holding above the 200-day simple moving average near $109,000 with resistance clustered near $115,000–$116,000.
  • Roughly 146,874 traders were liquidated over 24 hours for about $556 million as the crypto market shed around $100 billion in value.
  • Spot Bitcoin ETFs continued to pull in cash, with net inflows of $202 million on Oct. 28 and about $207 million on Oct. 29, signaling persistent institutional demand.
  • On-chain analysts reported the Binance BTC-to-stablecoin reserve ratio flashed a recurring buy signal linked to prior rallies, while the TRUMP token logged double-digit gains on reported U.S.–China tariff détente headlines.