The expert attributed the recovery of bitcoin to the weakening of inflationary pressure in the United States

The recovery of bitcoin at the end of October is primarily due to the easing of inflationary pressures in the United States in September and expectations of a softer Fed policy at the October 29 meeting. This opinion was expressed by Vasily Girya, the owner and CEO of GIS Mining, in an interview with Izvestia on October 27.

"The inflation data released last Friday turned out to be lower than expected, which supported interest in risky assets and the consolidation of bitcoin above $111,500. The statements of [US President Donald] also contributed to the growth Trump on a possible trade deal with China," he clarified.

Bitcoin straightened its shoulders: cryptocurrencies are growing despite the tariff war

Analysts emphasize that there is still no substitute for gold.

Against this background, institutional capital continues to flow into bitcoin.: Spot ETFs record net inflows, and open interest in futures is growing. Girya noted a particularly increased investor interest in the second cryptocurrency, ethereum.

During the week of October 27 – November 2, the key events are the Fed meeting, the Blockchain Life 2025 conference in Dubai and the Global Conference on Criminal Finances and Cryptoassets in Vienna, the expert said. The fate of the digital world will largely depend on the tone of Fed Chairman Jerome Powell's upcoming speech. "Dovish notes" in favor of more active rate cuts against the background of lower consumer prices can become a powerful trigger for the growth of bitcoin and the digital currency market.

"Key levels of bitcoin: the nearest support — the springboard for growth is at $ 112,000. Under the favorable scenario described above, the exchange rate may rise to the following resistance levels - $118,900 and $123,800," the expert predicts.

The positive dynamics of digital currency prices and the multi-vector development of the global industrial mining industry are attracting new investors and customers to the markets. There is a steady high demand for industrial mining services in Russia.

On October 11, it was reported that the cost of bitcoin dropped below $105 thousand for the first time since June 2025. At 00:19 Moscow time, bitcoin fell by 13.68%, reaching the level of $ 104.764 thousand. By 00:34 Moscow time, the cryptocurrency exchange rate recovered slightly to $111.338 thousand, which remained 8.25% lower than the previous level.

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