Global #crypto markets

As the final weeks of 2025 approach, global markets are settling into a cautious but firm rhythm. Trading activity in the Asia-Pacific region started the week on a positive note, with risk assets showing resilience despite the thinning liquidity typical of the holiday season.

United States President Donald Trump confirmed on Sunday, October 20, 2025, that he will meet with China’s President Xi Jinping at the Asia-Pacific Economic Cooperation (APEC) summit in Seoul, South Korea, starting on October 31.

The U.S. federal government officially entered a shutdown on October 1, 2025, after Congress failed to pass the necessary appropriations bill, impacting various non-essential operations.

Crypto markets saw a quiet start to the week, trading sideways with Bitcoin (BTC) holding near $115,000 and Ether (ETH) above $4,200.

Crypto markets have entered a sharp downturn, with Bitcoin (BTC), Ethereum (ETH), and XRP all experiencing significant drops. Bitcoin fell from nearly $120,000 to $113,411, a 5.6% decline from its recent high.

As geopolitical tensions escalated over the weekend — with the U.S. striking three Iranian nuclear facilities, Iran retaliating on Monday, President Donald Trump announcing a ceasefire, and Israel subsequently launching an attack on Tehran — investors are once again questioning how global events ripple through the crypto markets.

Wintermute, a leading algorithmic trading firm, has become the first platform to offer over-the-counter (OTC) trading for BUIDL tokens.

Bitcoin's price has dropped to its lowest level since late November, dampening hopes for a "Santa Claus rally."

This week has been a whirlwind of activity across both the US and cryptocurrency markets, bringing significant shifts and unexpected developments.

Bitcoin has reached new heights, hitting an all-time high just above $75,560, marking its largest daily performance since March 20. The digital asset’s explosive rally is being attributed to growing market expectations of a Republican victory in the 2024 U.S. presidential election, particularly the likelihood of a second term for former President Donald Trump.

Bitcoin (BTC) saw a decline to $62,700 after hitting a near one-month high of $64,500, coinciding with China’s latest economic stimulus measures. The People's Bank of China (PBoC) cut the reserve requirement ratio for banks by 50 basis points and reduced the seven-day reverse repo rate to 1.5%.

Analysts at Bernstein have painted a positive picture for decentralized finance (DeFi) despite widespread concerns that potential Federal Reserve interest rate cuts could negatively impact Bitcoin and Ethereum.