Institutional inflows, ETF momentum and macro shifts shape markets (Oct 25 – Nov 1 2025)
Gold charts mixed action as crypto market weathers macro shifts
Major financial markets were shaped by a pivotal decision by the Federal Reserve (Fed) and evolving momentum across digital assets. The Fed’s 25-basis-point rate cut triggered ripples across gold and the cryptocurrency universe—bringing into focus standout tokens like Ethereum (ETH), Solana (SOL), Dogecoin (DOGE) and XRP—while broader macro forces added complexity.
Fed Rate Cut and Gold Price Action
On October 30, the Fed cut its benchmark range to 3.75%–4.00%, a move widely expected. However, the tone accompanying the cut—where Chair Jerome Powell warned that further cuts are “not on a preset path”—triggered a stronger dollar and higher Treasury yields. Spot gold surged briefly but then consolidated below $4,000 per ounce, reflecting uncertainty rather than a clear safe-haven bid. As BitXJournal analyst noted, “the Fed’s move was dovish in action but hawkish in tone.”
Cryptocurrency Market Highlights
Bitcoin (BTC): Currently trading around $110,862, with a market capitalisation near $2.20 trillion and 24-h volume in tens of billions. The rate cut initially supported BTC’s rise above ~$111,000, but profit-taking pulled it back. BitXJournal strategist noted: “Bitcoin is behaving more like digital gold than a risk asset.”
Ethereum (ETH): ETH traded near $3,900, down about 2.5% around Oct 30. BitXJournal Analysts flagged the break below the $4,000 level as bearish: “Until the price is below that mark, bears keep controlling the situation on the market.”
- At the same time, filings for new crypto ETFs signal stronger institutional interest in Ethereum-linked products.
- Solana (SOL): The launch of the first U.S. spot Solana ETFs (e.g., via Bitwise Asset Management) put SOL in the spotlight. Estimated first-day volume ran into tens of millions of dollars, with projections of $3 billion+ over 12–18 months if momentum holds.However, SOL also suffered under pressure: one report noted a large institutional sell-off of $205 million in SOL for BTC, signalling rotation.
- XRP (Ripple): XRP remains in the ETF-watch category, with filings accelerating and ETFs likely to follow. But one caution: an industry note said, “alt-coin ETFs … may never rival Bitcoin’s ETF success.”
- Dogecoin (DOGE): DOGE traded around $0.18–$0.19, having broken below key support at ~$0.18 in late October amid large whale outflows. Messaging around meme-coins remains noisy, but institutional flows seem modest.
Macro & Market Sentiment
Crypto markets and gold both responded not just to the rate cut, but to expectations of future policy. With the Fed dampening hopes for further cuts in December, liquidity expectations cooled. Crypto strategist Maja Vujinovic observed:
“There’s profit-taking and some de-risking, because those cuts were already priced in.”
The week ending November 1 marked a transition phase: the Fed’s cut offered support, but the cautious tone tempered risk-asset euphoria. Gold is pausing just under $4,000, while major cryptos are under pressure despite ETF developments. The message: policy clarity and institutional pipeline matter, and in absence of either the market favours vigilance over exuberance.
Future focus: how the Fed signals December or beyond, ETF flows into SOL/ETH/XRP, and whether DOGE finds stability after the support break.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.