Markets entered November cautious as the Federal Reserve’s tone signaled a slower path to easing, strengthening the dollar and prompting a pullback across risk assets, with crypto feeling the impact most directly.

Crypto enters the week balancing optimism and uncertainty. The Federal Reserve is poised to deliver another rate cut, the Trump–Xi meeting looms large, and the U.S. government shutdown is deepening.

Markets are heading into the week laser-focused on the Federal Reserve, where a 25-basis-point rate cut appears certain, and investors are parsing what comes next.