{"id":5287,"date":"2025-10-30T20:16:15","date_gmt":"2025-10-30T20:16:15","guid":{"rendered":"https:\/\/digkrypton.com\/index.php\/2025\/10\/30\/bitcoin-price-crashes-down-to-106000-as-red-week-continues\/"},"modified":"2025-10-30T20:16:15","modified_gmt":"2025-10-30T20:16:15","slug":"bitcoin-price-crashes-down-to-106000-as-red-week-continues","status":"publish","type":"post","link":"https:\/\/digkrypton.com\/index.php\/2025\/10\/30\/bitcoin-price-crashes-down-to-106000-as-red-week-continues\/","title":{"rendered":"Bitcoin Price Crashes Down to $106,000\u00a0As Red Week Continues"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Bitcoin Price Crashes Down to $106,000\u00a0As Red Week Continues<\/a><\/p>\n

<\/div>\n

Bitcoin price continued its slide through much of Thursday, dipping to as low as $106,290 as traders digested a wave of macro uncertainty \u2014 from Federal Reserve Chair Jerome Powell\u2019s cautious tone on future rate cuts to renewed volatility following U.S.\u2013China trade talks.<\/p>\n

The bitcoin price fell over 3% in early trading before stabilizing slightly above $107,000<\/a>. The drop extends a multi-day long decline that began after the Federal Reserve delivered<\/a> a widely expected 25 basis point rate cut but signaled that December\u2019s meeting may not bring another.<\/p>\n

Powell\u2019s remarks at the post-meeting press conference struck a notably hawkish tone. While acknowledging progress toward the Fed\u2019s 2% inflation goal, he emphasized that the committee had \u201cstrongly differing views\u201d and that no decision<\/a> had been made about a December cut.\u00a0<\/p>\n

Traders quickly scaled back expectations \u2014 with futures now pricing roughly a 60% chance of another reduction, down from nearly full certainty just a day earlier.<\/p>\n

\u201cPowell\u2019s comments created a bit of risk-off sentiment,\u201d said Charlie Sherry, head of finance at BTC Markets, according<\/a> to Bloomberg. \u201cAdd in the Trump\u2013Xi meeting stirring markets today, and, unsurprisingly, you get some volatility. Some technology stocks are rallying, but crypto hasn\u2019t followed \u2014 which shows some relative weakness and hesitation in digital assets right now.\u201d<\/p>\n

Treasury yields and the U.S. dollar climbed following Powell\u2019s remarks, while risk assets broadly sold off. The two-year Treasury yield jumped nearly 10 basis points as traders reassessed the Fed\u2019s trajectory.<\/p>\n

Meanwhile, market attention also turned to Seoul, where U.S. President Donald Trump met with Chinese President Xi Jinping. Trump described the talks as \u201camazing\u201d and announced a deal to halve tariffs on fentanyl-related goods, claiming the two sides were \u201cpretty close\u201d to a broader trade agreement involving rare earth materials and agricultural purchases.<\/p>\n

While such developments have little direct impact on Bitcoin, risk sentiment tends to spill across markets \u2014 and Thursday\u2019s pullback in equities appeared to drag digital assets with it.<\/p>\n

SpaceX moves $471 million in Bitcoin<\/h2>\n

Amid the macro jitters, on-chain analysts<\/a> also flagged large Bitcoin movements linked to Elon Musk\u2019s SpaceX. Data from Arkham Intelligence shows the company moved 281 BTC (worth roughly $31 million) late on October 29 \u2014 its fifth transfer this month, totaling 4,337 BTC (about $472 million).<\/p>\n

The transfers were routed through Coinbase Prime, suggesting institutional custody activity rather than market sales. Some believe SpaceX may be reorganizing its wallets from older Bitcoin address formats (\u201c1\u201d-prefix legacy types) to newer Taproot and SegWit formats.<\/p>\n

Musk first confirmed<\/a> SpaceX\u2019s Bitcoin holdings in 2021, though the firm reportedly reduced its stack by about 70% during the 2022 market crash.\u00a0<\/p>\n

As of this month, Arkham tracks roughly 7,258 BTC (about $799 million) still linked to SpaceX addresses, though that figure could rise as recent transfers are reclassified.<\/p>\n

Tesla, meanwhile, retains 11,509 BTC, worth about $1.3 billion, according to the same data.<\/p>\n

Bitcoin price is waiting for clarity<\/h2>\n

With U.S. monetary policy in flux, trade negotiations uncertain, and major corporate holders quietly reshuffling coins, Bitcoin\u2019s latest move reflects a broader narrative: investors waiting for direction.<\/p>\n

The next major catalyst may arrive in December \u2014 either from a Fed rate cut or from markets losing faith that one is coming. Until then, Bitcoin remains in a holding pattern between macro optimism and monetary restraint.<\/p>\n

This post Bitcoin Price Crashes Down to $106,000\u00a0As Red Week Continues<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Bitcoin Price Crashes Down to $106,000\u00a0As Red Week Continues Bitcoin price continued its slide through much of Thursday, dipping to as low as $106,290 as traders digested a wave of macro uncertainty \u2014 from Federal Reserve Chair Jerome Powell\u2019s cautious tone on future rate cuts to renewed volatility following U.S.\u2013China trade talks. The […]<\/p>\n","protected":false},"author":0,"featured_media":5288,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-5287","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/5287","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=5287"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/5287\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/5288"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=5287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=5287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=5287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}