Bitcoin 
$105,106.73 price As it moved towards the daily close, it retook $107,000 and losses in altcoins recovered somewhat. Trump is rebuilding the negotiating table for the Russia war. Moreover, his recent statements about China were more constructive, which balanced the risk appetite. The weekend is generally quiet and if we don’t see any surprising developments, the next 48 hours may be relatively calm.
Latest Situation in Cryptocurrencies
Stock markets rebounded on Friday as regional banks rebounded. While gold and silver were losing value, we saw that risk markets started to gain strength on the last business day. This is important for the weekend. There will be talks with Chinese officials, both Bessent and Trump confirmed this.
China’s export restriction move, which wants to strengthen its hand in the customs duty dispute, may help it reach a more reasonable agreement. The White House wants to disrupt the narrative of a “nightmare” trade war that could disrupt global growth.
trump “We get along well with China, we are doing very well,” he said, confirming that the meeting with Xi planned for the end of the month is on the table. The date of November 1 is critical, and if negotiations with China go well and Trump and Xi meet at the end of the month, all this fanfare of last week may be over.
Expectations in Cryptocurrencies
Chinese Tensions are not escalating on the side and the negotiation table with Russia can be re-established. Trump is a person with a changeable mood, but if he doesn’t go crazy over the weekend and retreat again, and if the talks progress positively (for example, the October 18 meetings with Bessent and Chinese officials), we are likely to see more flat and positive hours.
The US government shutdown is heading into its third week, and 1,400 officials at the nuclear weapons safety agency will be furloughed as of Monday. If the Senate can get the support of Democrats, the shutdown could end next week. Since the closure continues for now, there is a strong possibility that important data expected next week will not be announced.
On Sunday, we will discuss the weekly calendar and expectations in detail. The most important report will be inflation data, and if the lockdown ends, non-agricultural employment and unemployment figures may also be announced on Friday.
Another important development postponed due to government shutdown is altcoin ETF approvals. The decision for SOL Coin was expected last week, and we did not receive the answer to the XRP ETF approvals on Friday, October 17, due to the closure. On Tuesday, October 21, the Fed will hold an innovation conference on payments here. of krypton Its benefits in the field of payment can be mentioned, it will be supportive.
