Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee because this week could quietly redefine the tone of the entire market. Between shifting US-China trade winds, a looming Fed decision, and Bitcoin’s tightening grip above six figures, the mood feels different — almost expectant.
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Crypto News of the Day: Standard Chartered Says the Week That Decides If Bitcoin Ever Falls Below $100,000 Again Has Begun
This could be one of those weeks where the market quietly shifts from uncertainty to conviction.
According to Standard Chartered’s Head of Digital Assets Research, Geoff Kendrick, a wave of surprisingly positive US-China developments has turned market sentiment “from fear into hope.”
Kendrick highlighted that US Treasury Secretary Bessent signaled an imminent breakthrough over the weekend. He indicated that China is expected to suspend rare earth export controls for a year and increase soybean purchases from the US in exchange for Washington dropping its threatened 100% tariffs.
Details of this potential deal will be finalized after the Trump-Xi meeting in Korea later this week. The news has already rippled through the markets, with Bitcoin benefiting from the positive sentiment.
In the same tone, the USD-CNH pair has fallen to near year-to-date lows, signaling a stronger yuan and renewed confidence in global trade stability. This easing tension has, in turn, fueled a rebound in Bitcoin’s correlation to risk appetite, as investors rotate away from defensive positions.
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The Week That Could Redefine Bitcoin’s Future
For Kendrick, the coming days may mark a critical turning point for Bitcoin and how investors interpret its long-term cycle. He pointed out that over $2 billion exited US gold ETFs last week, suggesting an appetite shift that could soon favor Bitcoin.
The broader setup looks equally intriguing. Wednesday’s FOMC meeting is expected to deliver a 25 basis-point rate cut, despite the Fed operating in what Kendrick described as a “data blackout.”
He also hinted that growing speculation over the next Fed Chair could prove “Bitcoin positive” if it raises concerns about central bank independence.
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Add to that, the looming earnings releases from five of the ‘Magnificent Seven’ — Microsoft, Meta, Google, Apple, and Amazon — and the macro calendar looks loaded with catalysts.
Kendrick argues that a fresh Bitcoin all-time high would serve as the “death knell” for those still clinging to the halving cycle as the primary driver of BTC’s value.
This statement echoes remarks highlighted in a recent US Crypto News publication. Whether or not that prediction holds, this week’s mix of diplomacy, data, and digital gold could prove decisive for the next phase of Bitcoin’s story.
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Chart of the Day
Bitcoin to Gold Ratio. Source: Long-term TrendsByte-Sized Alpha
Here’s a summary of more US crypto news to follow today:
Crypto Equities Pre-Market Overview
| Company | At the Close of October 24 | Pre-Market Overview |
| Strategy (MSTR) | $289.08 | $300.01 (+3.78%) |
| Coinbase (COIN) | $354.46 | $364.65 (+2.87%) |
| Galaxy Digital Holdings (GLXY) | $39.82 | $41.29 (+3.69%) |
| MARA Holdings (MARA) | $19.54 | $20.38 (+4.29%) |
| Riot Platforms (RIOT) | $21.42 | $22.36 (+4.39%) |
| Core Scientific (CORZ) | $19.34 | $19.71 (+1.91%) |
Source: https://beincrypto.com/standard-chartered-everything-changes-bitcoin-us-crypto-news/
