{"id":112198,"date":"2025-02-21T16:41:43","date_gmt":"2025-02-21T12:41:43","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=112198"},"modified":"2025-02-21T16:41:46","modified_gmt":"2025-02-21T12:41:46","slug":"bitcoin-climbs-for-third-straight-day-but-faces-fed-policy-headwinds","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/bitcoin-climbs-for-third-straight-day-but-faces-fed-policy-headwinds\/02\/21\/market-updates\/","title":{"rendered":"Bitcoin Climbs for Third Straight Day but Faces Fed Policy Headwinds"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><\/h3>\n\n\n\n<p>Bitcoin <strong>extended its winning streak on Friday<\/strong>, rising for the <strong>third consecutive day<\/strong>, as some investors <strong>shrugged off concerns over U.S. tariffs<\/strong>. However, uncertainty surrounding the <strong>Federal Reserve\u2019s interest rate policy<\/strong> kept gains in check.<\/p>\n\n\n\n<p>As of <strong>01:36 ET (6:36 GMT)<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Bitcoin rose 1.6% to $98,409.2<\/strong>.<\/li>\n\n\n\n<li>It was on track for a <strong>weekly gain of nearly 1%<\/strong>, despite remaining in a <strong>tight consolidation phase<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Fed\u2019s Hawkish Stance Limits Bitcoin\u2019s Upside<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Federal Reserve Governor Adriana Kugler<\/strong> reiterated on <strong>Thursday<\/strong> that the <strong>Fed would maintain its short-term borrowing rate at 4.25% &#8211; 4.50%<\/strong> to <strong>combat inflation<\/strong>.<\/li>\n\n\n\n<li>Elevated <strong>interest rates<\/strong> and <strong>persistent inflation<\/strong> typically <strong>dampen risk appetite<\/strong>, reducing liquidity in speculative assets like <strong>cryptocurrencies<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p>While <strong>some investors remain optimistic about Bitcoin&#8217;s long-term outlook<\/strong>, the <strong>Fed\u2019s restrictive monetary policy<\/strong> remains a <strong>key challenge<\/strong> for further upside.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Block Inc. Reports Weak Q4 Earnings Amid Crypto Revenue Decline<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Adjusted earnings per share<\/strong> came in at <strong>71 cents<\/strong>, missing Wall Street expectations of <strong>88 cents<\/strong>.<\/li>\n\n\n\n<li><strong>Net revenue increased by 4% year-over-year to $6.032 billion<\/strong>, but fell short of the forecasted <strong>$6.295 billion<\/strong>.<\/li>\n\n\n\n<li><strong>Bitcoin revenue declined<\/strong>, as lower <strong>consumer demand<\/strong> and <strong>crypto price fluctuations<\/strong> weighed on financial performance.<\/li>\n<\/ul>\n\n\n\n<p><strong>Block Inc.<\/strong>, formerly <strong>Square Inc.<\/strong>, rebranded in <strong>December 2021<\/strong> to reflect its <strong>broader financial services ecosystem<\/strong> beyond payment processing.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Bitcoin\u2019s Outlook: Balancing Macro Pressures with Long-Term Growth<\/strong><\/h3>\n\n\n\n<p>Despite <strong>macro headwinds<\/strong>, Bitcoin\u2019s steady gains suggest that <strong>investors continue to weigh its long-term potential<\/strong> against short-term monetary policy risks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin extended its winning streak on Friday, rising for the third consecutive day, as some investors shrugged off concerns over U.S. tariffs. However, uncertainty surrounding the Federal Reserve\u2019s interest rate policy kept gains in check. As of 01:36 ET (6:36 GMT): Bitcoin rose 1.6% to $98,409.2. It was on track for a weekly gain of &hellip;<\/p>\n","protected":false},"author":9,"featured_media":105265,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,39,36],"tags":[],"class_list":["post-112198","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-global-stock-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112198","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=112198"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112198\/revisions"}],"predecessor-version":[{"id":112199,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112198\/revisions\/112199"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/105265"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=112198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=112198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=112198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}