Bitcoin Rockets to $113K on Fed Hopes – Can It Hit $200K Next?
Key Facts: As of Oct 29, 2025, Bitcoin trades around $113,000 ycharts.com news.abplive.com (roughly –0.5% on the day). Over the past week it has rallied about 5% from mid-month lows ts2.tech. In early October BTC hit an all-time high near $125K, then plunged below $105K during trade-war jitters (liquidating ~$19B in leveraged bets) ts2.tech. Since mid-October Bitcoin has climbed roughly 10% back toward ~$114K ts2.tech. Major drivers include a likely Fed rate cut (25 bps expected at the Oct.29 FOMC) and easing U.S.–China trade tensions ts2.tech ts2.tech. Market sentiment swung from “Extreme Fear” mid-month (fear/greed ~24) back toward neutral ts2.tech.
