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Bitcoin extended its pullback on Thursday, but the world\u2019s largest cryptocurrency remained supported above the crucial $100,000 mark, as markets remained cautiously optimistic ahead of key U.S. inflation data that could shape the Federal Reserve\u2019s interest rate path.<\/p>\n\n\n\n
As of 02:02 ET (06:02 GMT), Bitcoin slipped 1.3% to $102,422.5<\/strong>, retreating from a recent rally that had taken it to a three-week high.<\/p>\n\n\n\n Investors continue to digest this week\u2019s temporary tariff rollback deal<\/strong> between the United States and China. The joint statement from both sides helped ease concerns over a broader global slowdown, spurring appetite for risk assets\u2014including cryptocurrencies.<\/p>\n\n\n\n Adding to the upbeat mood, U.S. consumer price index (CPI) data<\/strong> released on Tuesday came in softer than expected, reducing fears that trade-related costs would reignite inflation. The moderation in inflation metrics has reinforced market expectations of a Federal Reserve rate cut later this year<\/strong>, though analysts warn that policymakers will remain vigilant for signs of reacceleration.<\/p>\n\n\n\n Focus now turns to the U.S. Producer Price Index (PPI)<\/strong> due later Thursday. The data is expected to provide further insight into wholesale inflation trends, potentially influencing near-term monetary policy and market sentiment toward rate-sensitive assets like Bitcoin.<\/p>\n\n\n\n In a major milestone for the crypto industry, Israeli trading platform eToro<\/strong> made a strong Nasdaq debut on Wednesday. Shares opened at $69.69<\/strong>, up 34%<\/strong> from the IPO price of $52, valuing the company at $5.6 billion<\/strong>.<\/p>\n\n\n\n The firm raised approximately $620 million<\/strong> through the sale of 11.9 million shares<\/strong>, exceeding its initial fundraising target. eToro, which allows users to trade both stocks and cryptocurrencies<\/strong> while copying strategies of top-performing investors, is expected to benefit from growing retail interest and perceived regulatory clarity under the Trump administration.<\/p>\n\n\n\n Earlier this week, Coinbase Global (NASDAQ:COIN)<\/strong> also made headlines by becoming the first crypto-focused company<\/strong> to be included in the S&P 500 index<\/strong>, further cementing digital assets\u2019 place in mainstream finance.<\/p>\n\n\n\n While Bitcoin held relatively steady, altcoins faced renewed selling pressure<\/strong> on Wednesday following strong gains earlier this week.<\/p>\n\n\n\n Among meme coins, Dogecoin<\/strong> slumped 5.8%<\/strong>, and the politically themed $TRUMP<\/strong> token fell 6.2%<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin extended its pullback on Thursday, but the world\u2019s largest cryptocurrency remained supported above the crucial $100,000 mark, as markets remained cautiously optimistic ahead of key U.S. inflation data that could shape the Federal Reserve\u2019s interest rate path. As of 02:02 ET (06:02 GMT), Bitcoin slipped 1.3% to $102,422.5, retreating from a recent rally that …<\/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-114543","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\/114543","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=114543"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/114543\/revisions"}],"predecessor-version":[{"id":114544,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/114543\/revisions\/114544"}],"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=114543"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=114543"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=114543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Bitcoin Resilient on Trade Easing, Fed Rate Bets in Focus<\/h3>\n\n\n\n
eToro\u2019s Nasdaq Debut Boosts Crypto Sentiment<\/h3>\n\n\n\n
Altcoins Retreat as Volatility Resurfaces<\/h3>\n\n\n\n
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