Markets Poised for Fed Week: Bitcoin Advances, XRP Breaks 200-Day Barrier as Investors Eye ‘Mag 7’ Results and Trump–Xi Meeting

Crypto Markets Advance as Investors Eye Fed Cut, BOJ Decision, and Trump–Xi Meeting

Major cryptocurrencies are trending higher ahead of a critical week featuring central bank decisions and heavyweight corporate earnings that could steer global risk sentiment.

Bitcoin (BTC) rose 1.7% over the past 24 hours to around $113,600, extending a three-day climb after rebounding from its 200-day moving average near $108,800. The next resistance lies at the 50-day SMA of $114,250, a break above which could confirm renewed bullish momentum.

XRP, Ether (ETH), and Solana (SOL) each added around 3%, with XRP reclaiming its 200-day average at $2.60, signaling improved market tone.

Fed Expected to Ease Again

Traders are nearly unanimous that the Federal Reserve will cut rates by 25 basis points to 4% on Wednesday — its sixth reduction since September 2024. Futures also price another quarter-point move in December.

While the meeting will not include fresh projections, Chair Jerome Powell’s remarks are expected to emphasize growing labor-market risks and signal that further easing remains likely.

Markets are also focused on Powell’s recent hint that the Fed may soon end quantitative tightening (QT) as liquidity conditions tighten, a potential boost for risk assets and crypto valuations.

BOJ and ‘Mag 7’ in Focus

The Bank of Japan is expected to leave policy unchanged Thursday but could signal scope for cuts in early 2026. At the same time, earnings from Apple, Meta, Alphabet, and Microsoft — part of the “Mag 7” cohort — will test investor sentiment around AI-driven tech spending.

Trump–Xi Talks Lift Trade Hopes

Optimism also improved after U.S. Treasury Secretary Scott Bessent confirmed a “preliminary consensus” in U.S.–China trade negotiations. Presidents Donald Trump and Xi Jinping are set to meet Thursday in South Korea during the APEC Summit, an event investors see as critical for maintaining the recent rally in risk assets.