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U.S.–China Trade Tensions Cool as Trump, Xi Prepare for Oct. 30 Summit

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CoinGape Newsletter
October 25, 2025

Michael Selig is the latest candidate who has been chosen by President Donald Trump to serve as the chairman of the Commodity Futures Trading Commission (CFTC). The move signals a new phase in the administration’s crypto regulatory push.

In fresh developments, the United States and China’s trade teams have commenced negotiations on the current Trump tariffs. This comes ahead of the meeting between the two Presidents set for October 30.

Bitcoin price is hovering around $111,742, reflecting a 0.5% gain in the last 24 hours. With a 5 % increase over the past week, Bitcoin eyes the $120K mark amid ongoing market consolidation. The broader cryptocurrency market saw a modest 0.48% rise, with altcoins like XRP, SOL, ADA, and DOGE also showing slight gains. Despite the prevailing bearish sentiment, Bitcoin holds strong above key support levels, bolstered by the growing likelihood of a Federal Reserve rate cut. Bitcoin ETFs have recently experienced a net outflow of $90.60 million, marking three consecutive days of withdrawals. In contrast, Bitcoin itself saw a positive shift, with spot ETFs recording a net inflow of $149.96 billion.

The Ethereum price remains steady near the $3,900 level after multiple failed attempts to reclaim $4,000. The ETH price has shown resilience but faces renewed uncertainty following recent analyst insights. Market participants are closely assessing whether a retest of the $3,800 support zone could trigger a reversal. The outlook remains divided between short-term weakness and optimism surrounding a long-term Ethereum price outlook.