Crypto Briefing: Bitcoin Trades Flat Near $113K Ahead of Expected Progress on U.S.–China Trade Negotiations

Bitcoin, Ether Hold Steady as Markets Await Fed Rate Decision and U.S.–China Trade Outcome

Crypto markets were steady on Wednesday as traders awaited the Federal Reserve’s policy announcement and developments in a potential U.S.–China trade deal, two events expected to influence risk sentiment across global markets.

Bitcoin (BTC) hovered near $113,100, easing slightly from earlier highs, while ether (ETH) continued to test support at the $4,000 level as investors refrained from taking large directional bets.

The Federal Reserve is widely expected to cut rates by 25 basis points, bringing the benchmark range to 3.75%–4.00%. However, if policymakers opt to hold steady at 4.00%–4.25%, analysts warn that a stronger dollar could pressure both equities and cryptocurrencies.

Meanwhile, in Asia, Chinese President Xi Jinping is set to meet U.S. President Donald Trump as negotiations over a trade agreement near conclusion. A finalized deal could provide a lift to U.S. stocks — and potentially bitcoin — given the cryptocurrency’s growing correlation with risk assets.

With traders positioned cautiously ahead of these macro events, the broader crypto market remains in consolidation mode following weeks of volatile price swings.