Bitcoin's Surprise Swoon: Feds Icy Stance Chills Crypto Markets
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Bitcoin's Surprise Swoon: Feds Icy Stance Chills Crypto Markets
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About this listen
Hey everybody, Crypto Willy here with the latest buzz on blockchain, crypto, and DeFi from this wild week leading up to November 1st, 2025. Pull up a chair, kick back, and let’s dig in.
The big headline is Bitcoin’s surprise swoon—yep, it slid below $108,000 for the first time in ages. That’s a tough pill, especially after it rode high at $116,000 just days earlier. The story? The Federal Reserve Chair Jerome Powell rattled the markets when he made it clear during his Wednesday press conference that any more rate cuts are on ice for now. Crypto traders were hoping for easy money, but Powell tossed cold water, saying there’s “a growing chorus” at the Fed who want to pause and wait a cycle before tinkering further.
That rocky Fed guidance sent not just Bitcoin but the whole scene into a tailspin—Ethereum, XRP, Solana, Dogecoin, you name it, all dropped about 5%-7% in 24 hours. Ethereum itself is down to just over $3,900. For those keeping score, this is shaping up to be Bitcoin’s worst October since way back in 2014. If you’ve been following the “Uptober” hype, it’s a letdown. The flipside? Alex Blume over at Two Prime says if the economy steadies out, easier money policies could still be a tailwind for BTC. Just don’t bet your lunch money yet.
Crypto stocks like Coinbase, Robinhood, Circle, and even the Bitcoin treasury wizards at Strategy (MSTR) all took hits right alongside. In fact, Strategy dipped to $268—a whopping 50% off its historic high last November, and earnings later today have traders biting their nails. MSTR trades at a 1.33x premium to net asset value, the weakest it’s been since last February. Add to that the DAT (Digital Asset Treasury) craze from earlier in the year is unraveling, with companies like KindlyMD and Strive dropping below key price targets, raising delisting fears and short-term headwinds.
Over on Wall Street, tech stocks were a mixed bag to go with crypto malaise: Meta bombed, falling 12% on disappointing results, but Google jumped 5%—go figure. Nasdaq is down, S&P 500 mostly flat, and blue chips barely budged. Meanwhile, futures and options activity in crypto went absolutely bonkers over the third quarter, smashing through a $900 billion record, per the folks at CME Group. Seems traders are leaning in, volatility be damned.
Outside the big two, a handful of altcoins tried to break the mold: Aero token bucked the trend with a surge, defying the wider crash. Always keep an eye on those outliers—they tell us what’s possible when everything else is red.
So there you have it: Powell’s Fed pause brought the bears, October dreams dashed, and Wall Street’s love affair with crypto treasuries fading fast. But hey, records are still being set in derivatives, and the DeFi undercurrent stays strong even as the suits scramble.
Thanks for tuning in, friends—don’t forget to come back next week for all the blockchain buzz, right here with Crypto Willy. This has been a Quiet Please production; and for more, check out Quiet Please Dot A I. Catch you on the next block!
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