S&P 500 and Bitcoin futures lost ground today following the Fed and the meeting between Trump and Xi.
- Fed cuts interest rates by 0,25 and adopts a cautious tone.
- Trump and Xi reach limited agreement on tariffs.
- Bitcoin falls below $108 today following macroeconomic volatility.
US stock futures opened slightly lower on Thursday (30), reflecting investors' subdued reaction after the week's macroeconomic events. The meeting between US President Donald Trump and Chinese leader Xi Jinping brought no major surprises, while the Federal Reserve maintained a conservative tone even after announcing a 0,25 percentage point cut in interest rates.
The Dow Jones index fell 0,2%, while S&P 500 and Nasdaq 100 futures fluctuated between small gains and losses. Fed Chairman Jerome Powell stated that another interest rate cut in December "is not an inevitable conclusion—far from it," reinforcing the division among committee members.
The market also closely followed the outcome of the meeting between Trump and Xi. The dialogue between the two leaders resulted in a partial truce: the United States reduced some tariffs on Chinese products in exchange for the suspension of Beijing's restrictions on the supply of rare earth elements and the resumption of purchases of American soybeans. Despite this, the agreement was seen as modest and within expectations.
In this article, we will discuss:
- Cryptocurrencies today
- Could Bitcoin continue to fall today?
Cryptocurrencies today
In the cryptocurrency market, Bitcoin (BTC) experienced a sharp correction in the last 12 hours, falling below US$108.000. Even with positive signs in the global economy, the leading cryptocurrency continues to struggle to recover. At the time of publication, the price of BTC was now trading near US$109.901, down 2,5% in the last 24 hours.
During the week, BTC reached the $116.000 mark before being rejected at a key resistance level. Following the announcement of the interest rate cut, the digital currency experienced selling pressure, initially falling to $110.000 and then to its current level. The asset's market capitalization has fallen to less than $2,2 trillion, with a dominance of approximately 58%.
Among altcoins, ETH and XRP fell by about 3%, trading below $3.900 and $2,55, respectively. On the other hand, some smaller cryptocurrencies performed positively, notably ZEC, TRUMP, and M, which recorded gains between 6% and 9% in the last 24 hours.
The total value of the crypto market lost approximately US$80 billion in the last day, now totaling approximately US$3,81 trillion.
Could Bitcoin continue to fall today?
According to analyst Crypto Patel, Bitcoin completed Recently, there was a retest of the bearish resistance between $116 and $117, maintaining a negative technical structure. He highlighted that if the price continues to reject this level, there is potential for a deeper correction, with projected targets at $105, $93, and $76.

“Bitcoin (BTC) completed a bearish retest at the $116 resistance zone, maintaining a downtrend below $116 to $117. If the price continues to reject this level, I predict a corrective move towards: $105 → $93 → $76. However, a confirmed breakout above $117 would invalidate the bearish structure and could trigger a prolonged rally towards $150 or more. Resistance: $116 to $117. Support: $105 / $93 / $76. Trend: Down below $116 | Up above $117. Maintain discipline — structure > sentiment.”
Technical analysis suggests that BTC will remain in a downtrend as long as it stays below the aforementioned resistance zone. A decisive break above $117 could alter the current bias and open up space for a broader recovery towards $150, but, so far, the asset is showing difficulty in sustaining higher levels in the face of prevailing selling pressure.
The analyst Ted (@TedPillows) He also noted that Bitcoin has returned to the support zone between $107.000 and $108.000, highlighting that while a slight recovery is positive, the asset needs to reclaim the $113.500 region to avoid a sharper drop.
“Bitcoin has once again reached the support zone of $107.000 to $108.000. It’s good to see a recovery, but Bitcoin needs to reclaim the $113.500 zone soon. A weekly close below that level will increase the likelihood of a larger correction.”
Now the analyst Ali (@ali_charts) warned due to the risk of mass liquidations if the price continues to fall. According to him, $53,90 million in Bitcoin positions could be liquidated if the asset drops to $89.854, which reinforces the importance of maintaining current support levels.
“$53,90 million in Bitcoin ($BTC) will be liquidated if prices fall to $89.854.”
Based on traders' analyses, the market is paying close attention to BTC's next moves. Immediate support at $107 and resistance at $113.500 have become crucial points in determining whether the asset will continue its correction or resume a consistent upward trend.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Powell: Another rate cut in December is not a foregone conclusion, there are significant divisions within the committee, the job market continues to cool, and there is short-term upward pressure on inflation (full text attached)
Some FOMC members believe it is time to pause. Powell stated that higher tariffs are driving up the prices of certain categories of goods, leading to an overall increase in inflation.

