Bitcoin traded around $112,500 on October 30 as the Federal Reserve prepared for its policy meeting without recent economic data due to a month-long government shutdown. Markets anticipate a 25-basis-point rate cut despite the absence of official employment reports since August. Technical indicators show consolidation with substantial buy support between $112,300 and $112,550.

Bitwise's Solana ETF generated $56 million in trading volume on its October 28, 2025 debut, outperforming over 850 ETFs launched in 2025, according to Bloomberg ETF analyst Eric Balchunas. Despite the strong institutional reception, SOL traded at $195.41, remaining within a consolidation range between $192 and $197. The token failed to breach the $200 resistance level as technical indicators showed neutral momentum and flattening exponential moving averages.

S&P Global Ratings assigned Strategy (MSTR) a B- credit rating on October 27, 2025, marking the first time a major credit agency has rated a bitcoin treasury company. The speculative-grade rating reflects increased default risk from the firm's bitcoin-focused balance sheet. S&P maintained a stable outlook citing the company's capital markets access and debt maturity timeline extending to 2028.

The New York Stock Exchange posted listing notices on October 27, 2025, for four spot cryptocurrency ETFs tracking Solana, Litecoin, and Hedera. Trading could begin as early as October 28, marking the first altcoin ETF approvals since Bitcoin and Ether ETFs launched in 2024. The listings proceeded despite the ongoing U.S. government shutdown that has left the SEC operating with minimal staff.

Bitcoin's price shows weak correlation with inflation metrics and instead responds to shifts in global liquidity and real interest rates, according to NYDIG. Greg Cipolaro, the firm's Global Head of Research, found that the cryptocurrency functions as a liquidity barometer rather than an inflation hedge. The analysis also revealed that gold's correlation with inflation has frequently been negative across different timeframes.

Bitcoin is trading near $111,700 resistance after recovering from $108,000, with technical indicators showing weakening bearish momentum. The cryptocurrency maintains higher lows while order book data reveals thin liquidity above current levels. A breach above the immediate resistance zone could open the path toward $117,000.

Ripple has completed its $1.25 billion acquisition of Hidden Road, rebranding the non-bank prime broker as Ripple Prime. The transaction makes Ripple the first cryptocurrency company to own a global multi-asset prime brokerage. Ripple Prime will provide clearing, financing, and brokerage services across digital assets, derivatives, foreign exchange, and fixed-income products to institutional clients.

Tom Lee of Fundstrat Global Advisors and veteran trader Peter Brandt have warned that Bitcoin could face a 50% correction despite record inflows into BTC exchange-traded funds. Lee characterized Bitcoin as a high-beta asset that amplifies broader market moves during periods of weakness. Brandt drew parallels between Bitcoin's current price structure and the 1977 soybean crash, which saw prices plunge more than 50%.

Approximately $800 billion in capital has shifted from altcoins into Bitcoin and corporate digital asset treasuries this cycle, according to 10x Research. Retail investors are moving toward established assets while institutional portfolios holding BTC and ETH now represent a significant share of crypto market capitalization. CoinMarketCap's altcoin season index currently stands at 24, well below the 75 threshold required to signal an altcoin season.