Bitcoin News Today: Bitcoin Regains $115K as Fear Index Turns Neutral Ahead of Fed Rate Cut

Bitcoin (BTC) and the broader crypto market are showing renewed signs of optimism as the Crypto Fear & Greed Index flipped to neutral for the first time since the mid-October market crash triggered by former U.S. President Donald Trump’s China tariff announcement.Crypto Sentiment Turns Neutral for the First Time in Two WeeksAccording to data from Alternative.me, the Crypto Fear & Greed Index rose to 51 out of 100 on Sunday — its first neutral reading in over two weeks — after spending much of October in the “fear” zone.The index climbed 11 points from Saturday’s score of 40, and more than 20 points from last week’s reading, reflecting a sharp recovery in market sentiment as Bitcoin reclaimed the $115,000 level over the weekend.Market Rebounds After Tariff ShockThe shift marks a notable reversal from early October, when Trump’s tariff comments on China sent risk assets tumbling. The index plunged from a “greed” score of 71 to just 24, its lowest level this year, as nearly $19 billion in leveraged crypto positions were liquidated in a single week.That wave of forced selling pushed the market into deep fear territory, but recent price stabilization and policy optimism have helped sentiment recover.Glassnode: ‘Aggressive’ Bitcoin Selling Is WaningBlockchain analytics firm Glassnode noted that selling pressure appears to have peaked following weeks of capitulation.In an X post on Sunday, the firm said that spot and futures Cumulative Volume Delta (CVD) had flattened, indicating that “aggressive selling pressure has subsided over the last several days.”It added that funding rates remain below neutral (0.01%), suggesting there is no excessive long positioning or market froth, while periods of negative funding in recent weeks show traders remain cautious — a setup that can favor upside continuation once confidence improves.Fed Rate Cut Expectations Boost Risk SentimentMacro tailwinds are also playing a role in restoring confidence.Data from CME Group’s FedWatch Tool shows a 96.7% probability that the Federal Reserve will cut interest rates by 25 basis points at its upcoming October 29 meeting.Traders view the potential rate cut as a key bullish factor for both equities and crypto, with looser financial conditions likely to extend risk appetite into November.