Will Bitcoin Go Up This Week After the US China News?

After weeks of tension between the United States and China, both countries finally reached a truce that eased global market fears.

Traditional assets like stocks and gold reacted quickly, showing signs of relief. But surprisingly, Bitcoin did not.

Despite the improved geopolitical landscape, the world’s biggest cryptocurrency slipped by 1.72% last week, leaving investors wondering why positive news failed to ignite a rally. Could this be a temporary pause, or is the crypto market losing momentum?

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Key Takeaways

1. No Bitcoin Rally: Despite the US-China trade truce, Bitcoin prices fell 1.72%, signaling weak momentum.

2. Fed Policy Shift: The Federal Reserve’s uncertain stance on rate cuts added new pressure to crypto prices.

3. Data-Driven Week Ahead: Employment and inflation data could determine whether Bitcoin recovers or falls further.

Bitcoin Fails to Respond to the US-China Truce

October ended with a historic moment: the United States and China agreed to ease tariffs and reestablish trade cooperation.

China accepted three key US demands, delaying rare earth export restrictions, resuming soybean imports, and maintaining stable trade relations.

In return, the US reduced tariffs from 57% to 47%. The agreement reduced global tension and lifted confidence across traditional markets.

Gold prices, which had surged during the tariff conflict, retreated to around $3,990 per ounce. The Nasdaq 100 Index also jumped 2.7% from its October 10 low, thanks to renewed optimism and strong corporate earnings. However, Bitcoin told a different story.

Why Bitcoin Lagged Behind

While traditional assets celebrated, Bitcoin dropped by nearly 9.4% from its October 10 price, trading around $110,000.

Analysts believe this weakness stems from the October 10 market crash that wiped out roughly $19 billion in leverage.

This sudden liquidation drained the energy that had fueled Bitcoin’s previous rally. Without fresh buying momentum or new capital entering the market, prices have been struggling to rebound.

The crypto market’s sluggish response suggests that investors are currently prioritizing macroeconomic signals, like interest rates and inflation, over geopolitical developments.

Read Also: Will Bitcoin Go Up Now? Analyzing Volume from Gold Traders

The Federal Reserve Adds New Uncertainty

Just as global markets were adjusting to the trade truce, the US Federal Reserve delivered a new twist.

On October 29, the Fed lowered its benchmark interest rate by 0.25 percentage points and announced it would end Quantitative Tightening by December 1.

Normally, such a decision would boost risk assets like Bitcoin, but Chairman Jerome Powell’s comments shifted the mood.

Powell suggested that another rate cut in December might not happen, sending a cautious signal to investors.

Before his remarks, the CME FedWatch tool showed a 91.5% chance of a December rate cut. After his comments, that number dropped sharply to 55%, causing Bitcoin to fall another 2% in a matter of hours.

Mixed Reactions from Fed Officials

Several Fed members backed Powell’s cautious tone, including Atlanta Fed President Raphael Bostic, who said the message reflected diverse internal opinions.

As a result, markets are now divided on whether further easing is likely. The uncertainty has made traders hesitant, especially in volatile markets like crypto.

With fewer catalysts and mixed policy signals, Bitcoin’s short-term direction depends heavily on how the Fed handles future rate discussions. The balance between risk appetite and monetary caution is keeping crypto traders on edge.

Read Also: Why Does Robert Kiyosaki Say ‘Now Is the Time to Buy Bitcoin’?

What to Expect from Bitcoin This Week

The upcoming week is shaping up to be critical for Bitcoin. Several major US economic reports are scheduled, which could influence market sentiment.

The JOLTs Job Openings report on Tuesday, ADP Nonfarm Employment on Wednesday, and Unemployment Claims on Thursday will provide fresh insights into the labor market.

Meanwhile, the Michigan Inflation Expectations Index on Friday will indicate whether inflation is cooling or not.

How Economic Data Could Affect Crypto

• Strong job data: Could push the Fed toward holding rates steady, putting pressure on Bitcoin and other risk assets.

• Weak job data: Might increase chances of a rate cut in December, potentially giving Bitcoin a short-term boost.

According to the Altcoin Season Index, crypto market confidence is low, sitting at 41, its weakest level since August.

Still, experienced investors see this as a moment of opportunity rather than defeat. With Bitcoin (BTC) trading near $110,000 and volatility cooling, patient traders might soon find an entry point for the next potential rebound.

Read Also: Are Altcoins Outperforming Bitcoin?

Conclusion

Bitcoin’s lackluster performance following the US-China truce highlights how deeply tied the crypto market has become to global monetary policy.

While the geopolitical relief helped stocks and commodities, the Fed’s uncertain tone about rate cuts offset much of the optimism.

For now, Bitcoin seems to be waiting for a clear signal from macroeconomic data before making its next move.

As the week unfolds, all eyes will be on the Fed and key US employment data. Investors who want to stay ahead of the curve can benefit from trading platforms that offer real-time insights and strong security.

Bitrue provides both, making it easier and safer to trade Bitcoin and other digital assets confidently, even in uncertain times.

FAQ

Why didn’t Bitcoin rise after the US-China truce?

Bitcoin lost momentum after a large liquidation earlier in October, and traders are focusing more on interest rate policy than geopolitical news.

How does the Federal Reserve affect Bitcoin prices?

When the Fed signals tighter monetary policy, risk assets like Bitcoin often face selling pressure as investors shift toward safer options.

What could push Bitcoin higher this week?

Weaker employment data or renewed expectations of a December rate cut could spark a rebound in Bitcoin’s price.

Is this a good time to buy Bitcoin?

It depends on your strategy. Some investors view the current dip as a buying opportunity, while others prefer to wait for confirmation of renewed momentum.

How can I trade Bitcoin safely during market uncertainty?

Use trusted platforms like Bitrue, which offer secure trading environments, transparent pricing, and real-time market analysis tools.

Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.