Bitcoin Drops to $109,000 Amid Incomplete U.S.-China Negotiations and Weakened Rate Cut Expectations [Crypto Briefing]

[Financial News] On the 31st, Bitcoin (BTC) fell to the $109,000 level. This decline is attributed to unresolved U.S.-China tensions and diminished expectations for an additional rate cut within the year.
According to CoinMarketCap, as of 10:20 a.m., BTC was trading at around $109,000, down 0.55% over the past 24 hours. Over the past week, BTC has dropped 0.51%.
On the Korean won market, BTC is trading at approximately 165 million won. According to Cryprice, which compares global digital asset prices, the Korea premium stands at 5.62%.
The previous day, Donald Trump and Xi Jinping held a summit at Gimhae Air Base in Busan, reaching three major agreements: tariff relief, a rare earths grace period, and fentanyl control. However, the prevailing view in the market is that this was a truce rather than a comprehensive deal, as key issues such as semiconductors were not addressed.
The growing likelihood that the Federal Reserve System (Fed) will not implement an additional rate cut this year has also chilled the digital asset market. On the 29th (local time), the Fed lowered its benchmark rate by 0.25 percentage points but clarified that a further rate cut in December is not a foregone conclusion.
At the same time, Ethereum was trading at $3,851, down 1.69% from the previous day. XRP (Ripple) was down 3.45%, trading at $2.47.

yimsh0214@fnnews.com Im Sang-hyuk Reporter