Asia Morning Briefing: Crypto Markets Brace for a Pivotal Week as Trump–Xi Talks and Fed Decision Loom

As the week unfolds, Bitcoin and Ethereum are holding steady near cycle highs, anticipating outcomes from significant U.S.–China diplomatic talks and a Federal Reserve policy pivot. Traders on Polymarket are betting on a 92% likelihood of a U.S.–China tariff agreement by November 10, although the chance of China lifting its rare-earth export ban is much lower at 36%. Market behavior reflects concern over the prolonged U.S. government shutdown, which limits economic data flow, alongside key upcoming earnings reports from major tech companies. Bitcoin experienced a slight pullback to around $114,000, while Ethereum remained steady at approximately $4,120. Analysts suggest the outcome of the Trump–Xi meeting could significantly influence crypto's direction more than the Fed's policy changes.

Source 🔗