An expert linked Bitcoin's recovery to easing inflationary pressures in the US.
Bitcoin's recovery at the end of October is primarily due to the easing of inflationary pressures in the US in September and expectations of a more accommodative Fed policy at its October 29 meeting. Vasily Girya, owner and CEO of GIS Mining, expressed this opinion in an interview with Izvestia on October 27.
“Last Friday's inflation data came in below forecasts, which supported interest in risky assets and helped Bitcoin consolidate above $111,500. Trump's statements about a possible trade deal with China also contributed to the rally,” he explained.
Against this backdrop, institutional capital continues to flow into Bitcoin: spot ETFs are recording net inflows, and open interest in futures is growing. Girya noted particularly strong investor interest in the second cryptocurrency, Ethereum.
The week of October 27 – November 2 will see key events including the Federal Reserve meeting, the Blockchain Life 2025 conference in Dubai, and the Global Conference on Criminal Finances and Cryptoassets in Vienna, the expert noted. The fate of the digital world will largely depend on the tone of Fed Chairman Jerome Powell's upcoming speech. Dovish sentiments favoring more aggressive rate cuts amid falling consumer prices could become a powerful driver of growth for Bitcoin and the digital currency market.
“Key Bitcoin levels: the nearest support—a springboard for growth—is at $112,000. In the favorable scenario described above, the price could rise to the following resistance levels: $118,900 and $123,800,” the expert predicts.
Positive price dynamics for digital currencies and the multi-vector development of the global industrial mining industry are attracting new investors and customers to the markets. In Russia, demand for industrial mining services remains consistently high.
On October 11, it was reported that the price of Bitcoin fell below $105,000 for the first time since June 2025. At 00:19 Moscow time, Bitcoin fell by 13.68%, reaching $104,764 thousand. By 00:34 Moscow time, the cryptocurrency’s rate had recovered slightly, reaching $111,338 thousand, which remained 8.25% below its previous level.
Source: cryptonews.net
