Bitcoin is trading around $102,405 while struggling to hold above $100,000, with total cryptocurrency market capitalization falling to approximately $3.34 trillion. Bloomberg senior macro strategist Mike McGlone warns the current price level represents a critical juncture, noting that unusually low volatility may indicate underlying stress rather than stability. The correlation between Bitcoin and the S&P 500 remains above 0.53, reflecting continued alignment with traditional equity markets.

Bitcoin declined 3.8% to $110,063 on October 28 following Federal Reserve Chair Jerome Powell's indication that the central bank may pause rate cuts through 2025. Ethereum fell 3.6% to $3,853, while XRP dropped 4.1% to $2.51. Despite the selloff, Bitcoin ETFs recorded $202.48 million in net inflows, as Robert Kiyosaki warned of an approaching financial crisis.