{"id":114452,"date":"2025-05-13T10:46:47","date_gmt":"2025-05-13T06:46:47","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=114452"},"modified":"2025-05-13T10:46:50","modified_gmt":"2025-05-13T06:46:50","slug":"bitcoin-retreats-after-surpassing-100k-as-profit-taking-inflation-jitters-weigh-on-crypto-market","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/bitcoin-retreats-after-surpassing-100k-as-profit-taking-inflation-jitters-weigh-on-crypto-market\/05\/13\/market-updates\/","title":{"rendered":"Bitcoin Retreats After Surpassing $100K as Profit-Taking, Inflation Jitters Weigh on Crypto Market"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>Bitcoin prices fell on Tuesday, retreating further from recent record highs as investors locked in profits ahead of key U.S. inflation data, even as optimism from the U.S.-China trade truce offered a degree of support to broader risk sentiment.<\/p>\n\n\n\n<p>By 02:03 ET (06:03 GMT), <strong>Bitcoin (BTC)<\/strong> was down <strong>1.9% at $102,363.0<\/strong>, cooling after last week\u2019s explosive rally that pushed the token past the $100,000 threshold and as high as $105,000.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Profit-Taking Ahead of CPI Data<\/h3>\n\n\n\n<p>The pullback comes as traders position cautiously ahead of the <strong>U.S. Consumer Price Index (CPI)<\/strong> report due later Tuesday. A stronger-than-expected inflation reading could temper expectations of Federal Reserve interest rate cuts, a key macro driver for speculative assets like cryptocurrencies.<\/p>\n\n\n\n<p>Despite the retreat, BTC remains more than <strong>20% higher over the past two weeks<\/strong>, fueled by easing geopolitical and trade tensions and continued inflows from institutional investors.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">U.S.-China Tariff Deal Lifts Broader Sentiment<\/h3>\n\n\n\n<p>Bitcoin\u2019s rally last week was bolstered by news that the <strong>U.S. and China<\/strong> agreed to <strong>temporarily slash reciprocal tariffs<\/strong>. The U.S. reduced its tariffs on Chinese goods from <strong>145% to 30%<\/strong>, while China cut its retaliatory tariffs from <strong>125% to 10%<\/strong>, both for a <strong>90-day period<\/strong>.<\/p>\n\n\n\n<p>The tariff de-escalation was formalized in a <strong>joint statement following Geneva talks<\/strong>, which marked the first major progress in trade diplomacy between the two nations in 2025.<\/p>\n\n\n\n<p>Adding to the optimism, <strong>President Donald Trump<\/strong> signed an executive order lowering duties on low-value Chinese imports (De Minimis) from 120% to <strong>54%<\/strong>, further relieving pressure on supply chains.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">SEC to Introduce New Crypto Rules<\/h3>\n\n\n\n<p>Markets are also digesting regulatory headlines, including <strong>SEC Chair Paul Atkins&#8217;<\/strong> announcement of <strong>forthcoming rules governing digital tokens<\/strong>. These are expected to address token distributions, secondary trading, and exemptions from traditional securities law.<\/p>\n\n\n\n<p>While the details are pending, the move is viewed by analysts as a step toward <strong>regulatory clarity<\/strong>, potentially fostering <strong>greater institutional adoption<\/strong> in the U.S.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">American Bitcoin to Go Public<\/h3>\n\n\n\n<p>Amid the more favorable U.S. regulatory climate, <strong>American Bitcoin<\/strong>, a mining venture co-founded by <strong>Eric Trump and Donald Trump Jr.<\/strong>, confirmed plans to <strong>go public via a merger with Gryphon Digital Mining<\/strong>, with the combined entity set to list on <strong>Nasdaq<\/strong>.<\/p>\n\n\n\n<p>The announcement underscores the Trump administration\u2019s <strong>pro-crypto positioning<\/strong>, which has already spurred renewed interest from firms aiming to tap U.S. capital markets.<\/p>\n\n\n\n<p>In parallel, <strong>Animoca Brands<\/strong>, a major Hong Kong-based crypto investor, is reportedly exploring a <strong>U.S. IPO<\/strong>, according to the <strong>Financial Times<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Altcoins Tumble; Meme Tokens Under Pressure<\/h3>\n\n\n\n<p>While Bitcoin\u2019s losses remained modest, <strong>altcoins<\/strong> saw sharper declines:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Ethereum (ETH)<\/strong> fell <strong>2.5% to $2,456.57<\/strong><\/li>\n\n\n\n<li><strong>Solana (SOL)<\/strong> dropped <strong>3%<\/strong><\/li>\n\n\n\n<li><strong>Cardano (ADA)<\/strong> slid <strong>3.5%<\/strong><\/li>\n\n\n\n<li><strong>Polygon (MATIC)<\/strong> slumped <strong>4%<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Notably, <strong>XRP<\/strong> bucked the trend, gaining <strong>4.5% to $2.5071<\/strong>, supported by positive sentiment after recent legal developments and ecosystem growth.<\/p>\n\n\n\n<p>Among <strong>meme tokens<\/strong>, <strong>Dogecoin (DOGE)<\/strong> plunged <strong>7.8%<\/strong>, while <strong>$TRUMP<\/strong>\u2014a politically themed token\u2014declined <strong>nearly 10%<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">M&amp;A Buzz: KindlyMD Skyrockets on Bitcoin Treasury News<\/h3>\n\n\n\n<p>Shares of <strong>Kindly MD Inc (NASDAQ:KDLY)<\/strong> surged <strong>over 600% intraday<\/strong> to a peak of <strong>$31.45<\/strong>, before closing up <strong>251% at $13.69<\/strong>, after the firm announced a <strong>merger with Nakamoto Holdings<\/strong> to adopt a <strong>Bitcoin treasury reserve strategy<\/strong>\u2014a move reminiscent of MicroStrategy\u2019s earlier model.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin prices fell on Tuesday, retreating further from recent record highs as investors locked in profits ahead of key U.S. inflation data, even as optimism from the U.S.-China trade truce offered a degree of support to broader risk sentiment. By 02:03 ET (06:03 GMT), Bitcoin (BTC) was down 1.9% at $102,363.0, cooling after last week\u2019s &hellip;<\/p>\n","protected":false},"author":9,"featured_media":98301,"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":[40,6827,49,39,36],"tags":[],"class_list":["post-114452","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-daily-economic-reports","category-economic-reports","category-global-stock-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/114452","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=114452"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/114452\/revisions"}],"predecessor-version":[{"id":114453,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/114452\/revisions\/114453"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/98301"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=114452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=114452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=114452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}