- Major cryptocurrencies, including Bitcoin, Ethereum, and BNB, declined after earlier gains.
- Markets are focused on the upcoming Federal Reserve interest rate decision and planned talks between U.S. President Donald Trump and China‘s Xi Jinping.
- Speculation over a 25-point interest rate cut has increased interest in digital assets.
- New cryptocurrency ETFs are set to debut on the New York Stock Exchange despite a U.S. government shutdown.
- Retail sentiment on Bitcoin remains bearish, with investors cautious ahead of major policy meetings and international discussions.
Bitcoin and other major digital currencies fell in early trading on Tuesday, as attention shifted to the Federal Reserve’s policy meeting and an upcoming discussion between the leaders of the United States and China. The price of Bitcoin slipped 1.2% to $114,194.83, while Ethereum dropped 2% to $4,116.92, and BNB declined 2.2% to $1,132.12, based on recent CoinMarketCap data.
Other tokens also saw losses. Solana fell slightly, Dogecoin was down 2.8%, and Cardano decreased 2.4%. The previous day’s rally had followed optimism over a U.S.-China legal framework agreement announced during the Association of Southeast Asian Nations summit in Kuala Lumpur, Malaysia. U.S. Treasury Secretary Scott Bessent noted that proposed 100% tariffs on Chinese goods are now “effectively off the table.”
Tuesday’s focus is on the Federal Open Market Committee meeting, where traders are largely predicting a 25-basis-point (0.25%) rate cut. Lower interest rates often encourage investment in riskier assets like cryptocurrencies. Another central event for markets is the meeting scheduled for Thursday in South Korea between U.S. President Donald Trump and China’s Xi Jinping. “We’re going to have a great talk. I have a lot of respect for President Xi. I like him a lot. He likes me a lot,” Trump said as he traveled to Japan, according to an ABC report. Observers suggest that progress in these talks could further reduce trade war concerns, which had earlier caused volatility in crypto markets.
Market expert Rachael Lucas stated, “U.S.-China trade optimism and Fed rate cut bets are fuelling the rally. With macro tailwinds building, the market’s focused on what’s next, not what’s behind.” However, real-time sentiment on platforms tracking investor opinion showed a majority remained bearish on Bitcoin as of October 28, 2025.
Despite ongoing government staffing shortages, at least four new cryptocurrency exchange-traded funds (ETFs) are expected to start trading on the New York Stock Exchange by Wednesday. These include the Bitwise Solana Fund, Canary Capital Litecoin Fund, Canary Capital HBAR ETF, and Grayscale Solana Trust. This rollout was enabled by updated Securities and Exchange Commission (SEC) guidelines introduced in September, which permit ETFs to launch 20 days after an amended filing, even if staffing is limited due to a government shutdown.
Additional context is available for recent ETF approvals and market reactions in the BTC Sentiment Meter chart and related coverage of Hedera-etf”>token surges following new listings.
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