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Bitcoin Plunges Below 200-Day Average, XRP Eyes Death Cross

Bitcoin (BTC) has fallen below the crucial 200-day simple moving average (SMA) of $109,380, indicating potential weakness as the dollar index rises to its highest level since August 1. The dollar's strength, driven by Federal Reserve Chair Jerome Powell's cautious remarks regarding a December rate hike and Japan's dovish monetary stance, could lead to further selling pressure on BTC, possibly pushing its price below $100,000. Despite positive news in U.S.-China trade relations, including an agreement to reduce tariffs, Bitcoin's demand appears weak as it did not trigger a market rally. Meanwhile, altcoins like XRP are also facing challenges, potentially confirming a 'death cross' in the coming days, indicating more bearish momentum. Other cryptocurrencies like Solana are experiencing downward pressure despite recent ETF approvals. Overall, the market is witnessing a significant downturn amidst broader economic factors and internal cryptocurrency developments.

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Myriad Moves: Bitcoin Odds Flip Bearish as Traders Expect Longest US Gov Shutdown in History

Bitcoin's market has turned bearish as traders anticipate the longest government shutdown in U.S. history. Currently priced around $107,659, Bitcoin saw a 3.5% decline over 24 hours, contributing to market uncertainties that have led to a significant shift in predictions. Predictions for Bitcoin's

Myriad Moves: Bitcoin Odds Flip Bearish as Traders Expect Longest US Gov Shutdown in History

The current economic climate has shaken crypto traders, as Bitcoin's price has fallen around 4% to approximately $107,659. Predictions for Bitcoin's next price movement have shifted from bullish to bearish, with market sentiment indicating a 43% chance of it reaching $120,000, down from earlier

Myriad Moves: Bitcoin Odds Flip Bearish as Traders Expect Longest US Gov Shutdown in History

In the context of rising uncertainty in the cryptocurrency market, traders are adjusting their predictions regarding Bitcoin's price movements. As of late October 2025, the odds for Bitcoin reaching $120,000 have dropped to 43%, a significant decrease from 75% earlier in the week. Recently, Bitcoin traded at

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