{"id":114041,"date":"2025-04-25T11:25:47","date_gmt":"2025-04-25T07:25:47","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=114041"},"modified":"2025-04-25T11:25:50","modified_gmt":"2025-04-25T07:25:50","slug":"bitcoin-set-for-weekly-gains-despite-cautious-trade-on-mixed-u-s-china-signals","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/bitcoin-set-for-weekly-gains-despite-cautious-trade-on-mixed-u-s-china-signals\/04\/25\/market-updates\/","title":{"rendered":"Bitcoin Set for Weekly Gains Despite Cautious Trade on Mixed U.S.-China Signals"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p><strong>Bitcoin edged higher on Friday<\/strong>, adding to strong weekly gains after earlier optimism that U.S. President Donald Trump may soften his stance on trade tariffs. However, <strong>investors remained cautious<\/strong> due to conflicting signals around potential U.S.-China negotiations, limiting upside momentum in recent sessions.<\/p>\n\n\n\n<p>As of <strong>02:23 ET (06:23 GMT)<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Bitcoin rose 0.8%<\/strong> to <strong>$93,269.3<\/strong><\/li>\n\n\n\n<li>The cryptocurrency is set to end the week <strong>up nearly 10%<\/strong>, having briefly surpassed <strong>$94,000<\/strong> on Wednesday for its highest level since early March<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Trade Hopes Fuel Midweek Rally<\/h3>\n\n\n\n<p>Bitcoin\u2019s sharp rally earlier this week was sparked by Trump\u2019s decision to backtrack on threats to dismiss <strong>Federal Reserve Chair Jerome Powell<\/strong> and his signals of a <strong>possible easing of U.S. tariffs on China<\/strong>. Market sentiment also improved after confirmation that the U.S. and Japan will begin a second round of <strong>tariff talks from April 30 to May 2<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Caution Returns Amid Conflicting Signals<\/h3>\n\n\n\n<p>Despite these developments, sentiment cooled in the past two days:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>China\u2019s Commerce Ministry<\/strong> said Thursday that <strong>no official trade talks<\/strong> had taken place with Washington<\/li>\n\n\n\n<li><strong>President Trump<\/strong>, however, insisted that discussions were underway<\/li>\n\n\n\n<li>A <strong>Bloomberg report on Friday<\/strong> added a new twist, noting that Beijing is <strong>weighing exemptions for some U.S. goods<\/strong> from its 125% import tariffs \u2014 a possible de-escalation signal, though unconfirmed<\/li>\n<\/ul>\n\n\n\n<p>The conflicting narratives have led to <strong>range-bound trading<\/strong> in Bitcoin since Wednesday, as <strong>traders assess geopolitical risks<\/strong> and the potential impact on global markets.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Broader Crypto Market<\/h3>\n\n\n\n<p>Despite Bitcoin&#8217;s cautious tone, <strong>altcoins saw broader gains<\/strong>, buoyed by hopes of easing global trade friction:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Ethereum<\/strong> held steady at <strong>$1,769.57<\/strong><\/li>\n\n\n\n<li><strong>XRP<\/strong> added <strong>1%<\/strong> to <strong>$2.1868<\/strong><\/li>\n\n\n\n<li><strong>Solana<\/strong> climbed <strong>2.7%<\/strong><\/li>\n\n\n\n<li><strong>Cardano<\/strong> advanced <strong>4.4%<\/strong><\/li>\n\n\n\n<li><strong>Polygon<\/strong> surged <strong>11%<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Among meme tokens:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Dogecoin<\/strong> jumped <strong>4.2%<\/strong><\/li>\n\n\n\n<li><strong>$TRUMP<\/strong> token slipped <strong>1%<\/strong><\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Outlook:<\/strong><\/p>\n\n\n\n<p><br>While Bitcoin remains on solid footing for the week, the outlook depends heavily on <strong>concrete progress in global trade talks<\/strong> and <strong>continued clarity from the Fed<\/strong>. As always with crypto markets, any geopolitical escalation or surprise policy shifts could trigger sharp volatility \u2014 both to the upside and downside.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin edged higher on Friday, adding to strong weekly gains after earlier optimism that U.S. President Donald Trump may soften his stance on trade tariffs. However, investors remained cautious due to conflicting signals around potential U.S.-China negotiations, limiting upside momentum in recent sessions. As of 02:23 ET (06:23 GMT): Bitcoin rose 0.8% to $93,269.3 The &hellip;<\/p>\n","protected":false},"author":9,"featured_media":99111,"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":[40,6827,49,36],"tags":[],"class_list":["post-114041","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-daily-economic-reports","category-economic-reports","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/114041","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=114041"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/114041\/revisions"}],"predecessor-version":[{"id":114042,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/114041\/revisions\/114042"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/99111"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=114041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=114041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=114041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}