{"id":112343,"date":"2025-02-27T14:29:10","date_gmt":"2025-02-27T10:29:10","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=112343"},"modified":"2025-02-27T14:29:13","modified_gmt":"2025-02-27T10:29:13","slug":"bitcoin-extends-losing-streak-hovering-near-three-month-low","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/bitcoin-extends-losing-streak-hovering-near-three-month-low\/02\/27\/market-updates\/","title":{"rendered":"Bitcoin Extends Losing Streak, Hovering Near Three-Month Low"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><\/h3>\n\n\n\n<p>Bitcoin continued its <strong>downward trend for the fourth consecutive day<\/strong> on <strong>Thursday<\/strong>, as concerns over <strong>U.S. tariffs<\/strong> and broader <strong>risk-off sentiment<\/strong> weighed on the cryptocurrency market.<\/p>\n\n\n\n<p>At <strong>02:12 ET (07:12 GMT)<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Bitcoin fell 2.8% to $86,246.28<\/strong>, remaining near its <strong>lowest level since mid-November 2024<\/strong>.<\/li>\n\n\n\n<li>The token had dipped as low as <strong>$82,332.9 in the previous session<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Trade Uncertainty Fuels Market Volatility<\/strong><\/h3>\n\n\n\n<p>President <strong>Donald Trump<\/strong> reaffirmed plans to impose <strong>25% tariffs<\/strong> on imports from <strong>Canada and Mexico<\/strong>, but indicated a potential <strong>one-month delay<\/strong>\u2014shifting the implementation date from <strong>March 4 to April 2<\/strong>.<\/p>\n\n\n\n<p>The <strong>uncertainty surrounding trade policies<\/strong> has injected <strong>volatility into financial markets<\/strong>, including the <strong>crypto sector<\/strong>. Historically, such <strong>tariff-related announcements<\/strong> have triggered <strong>instability<\/strong>, leading investors to <strong>exit riskier assets like Bitcoin and altcoins<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Investors Await U.S. PCE Inflation Data for Fed Rate Signals<\/strong><\/h3>\n\n\n\n<p>Markets are now focused on <strong>Friday\u2019s release of the U.S. Personal Consumption Expenditures (PCE) inflation data<\/strong>, a key indicator for the <strong>Federal Reserve\u2019s future interest rate decisions<\/strong>.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Recent data, including <strong>weak consumer confidence<\/strong> and <strong>sluggish business activity in February<\/strong>, has fueled speculation over potential <strong>rate cuts<\/strong>.<\/li>\n\n\n\n<li>However, <strong>inflation remains above the Fed\u2019s 2% target<\/strong>, complicating the <strong>monetary policy outlook<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Altcoins Mirror Bitcoin\u2019s Decline<\/strong><\/h3>\n\n\n\n<p>The broader <strong>crypto market<\/strong> followed Bitcoin\u2019s losses, with most <strong>altcoins slipping<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Ethereum (ETH)<\/strong> dropped <strong>5.2% to $2,355.41<\/strong>, marking its <strong>fourth consecutive day of decline<\/strong>.<\/li>\n\n\n\n<li><strong>XRP<\/strong> lost <strong>2.8% to $2.2243<\/strong>.<\/li>\n\n\n\n<li><strong>Cardano (ADA)<\/strong> slid <strong>2%<\/strong>, while <strong>Dogecoin (DOGE)<\/strong> fell <strong>1%<\/strong>.<\/li>\n\n\n\n<li><strong>Solana (SOL) gained 0.8%<\/strong>, and <strong>Polygon (MATIC) rose 0.4%<\/strong>, showing relative resilience.<\/li>\n\n\n\n<li><strong>$TRUMP token surged 3.2%<\/strong>, bucking the broader trend.<\/li>\n<\/ul>\n\n\n\n<p>As <strong>investors weigh economic data<\/strong> and <strong>global uncertainties<\/strong>, the <strong>crypto market<\/strong> remains highly <strong>volatile<\/strong>, with <strong>macro developments<\/strong> likely to dictate <strong>near-term price movements<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin continued its downward trend for the fourth consecutive day on Thursday, as concerns over U.S. tariffs and broader risk-off sentiment weighed on the cryptocurrency market. At 02:12 ET (07:12 GMT): Bitcoin fell 2.8% to $86,246.28, remaining near its lowest level since mid-November 2024. The token had dipped as low as $82,332.9 in the previous &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-112343","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\/112343","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=112343"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112343\/revisions"}],"predecessor-version":[{"id":112344,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112343\/revisions\/112344"}],"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=112343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=112343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=112343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}