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Bitcoin hovered just below its all-time high on Friday, easing slightly amid profit-taking and large-scale wallet movements, but continued to enjoy strong support from bullish U.S. regulatory developments and persistent demand from institutional investors.<\/p>\n\n\n\n
As of 02:05 ET (06:05 GMT), Bitcoin traded at $110,827.50<\/strong>, down 0.6%<\/strong> from the previous session. The world\u2019s largest cryptocurrency had surged to a record $111,953.60 on Thursday<\/strong>, before paring gains as investors capitalized on elevated prices.<\/p>\n\n\n\n The slight dip was attributed to strategic profit-taking and significant overnight transfers. Blockchain tracker Whale Alert<\/strong> flagged over $670 million worth of Bitcoin moved into Coinbase<\/strong>, a sign that large holders\u2014or \u201cwhales\u201d\u2014may have initiated selling near peak levels.<\/p>\n\n\n\n Despite the correction, Bitcoin remained on track for a weekly gain of 8%<\/strong>, adding to its 18% rally so far this month<\/strong>.<\/p>\n\n\n\n Market sentiment has remained largely upbeat on the back of the \u201cGuiding and Establishing National Innovation for U.S. Stablecoins\u201d (GENIUS) Act<\/strong>, which advanced in the U.S. Senate this week. The bill represents a significant step toward clearer cryptocurrency regulation, a factor long seen as critical for mass institutional adoption.<\/p>\n\n\n\n Demand was further bolstered by continued inflows into U.S.-listed spot Bitcoin ETFs<\/strong>, which attracted $934.7 million in net inflows on Thursday<\/strong>, marking the seventh consecutive day of gains<\/strong>, according to data from SoSoValue.<\/p>\n\n\n\n BlackRock\u2019s IBIT ETF<\/strong> led the day\u2019s surge with $877.6 million in net inflows<\/strong>, helping drive total trading volume across all 12 U.S. Bitcoin ETFs to $5.39 billion<\/strong>.<\/p>\n\n\n\n A Wall Street Journal report<\/strong> on Thursday added another layer of optimism, revealing that major U.S. banks\u2014including JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo<\/strong>\u2014were in early talks to develop a joint stablecoin<\/strong>.<\/p>\n\n\n\n The proposed venture is seen as a way for traditional financial institutions to counter growing competition from the crypto industry<\/strong>, and capitalize on the efficiencies of blockchain-based payments\u2014particularly for cross-border transactions<\/strong>.<\/p>\n\n\n\n In a show of crypto-fueled political spectacle, U.S. President Donald Trump<\/strong> hosted over 200 top holders of his $TRUMP meme coin<\/strong> at an exclusive dinner on Thursday night. The event, held at Trump National Golf Club in Virginia<\/strong>, was part of a marketing push for the coin.<\/p>\n\n\n\n However, $TRUMP fell 5.6% on Friday<\/strong>, as some investors appeared to lock in gains after the event.<\/p>\n\n\n\n Broader crypto markets echoed Bitcoin\u2019s strength:<\/p>\n\n\n\n Bitcoin hovered just below its all-time high on Friday, easing slightly amid profit-taking and large-scale wallet movements, but continued to enjoy strong support from bullish U.S. regulatory developments and persistent demand from institutional investors. As of 02:05 ET (06:05 GMT), Bitcoin traded at $110,827.50, down 0.6% from the previous session. The world\u2019s largest cryptocurrency had …<\/p>\n","protected":false},"author":9,"featured_media":108592,"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-114780","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\/114780","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=114780"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/114780\/revisions"}],"predecessor-version":[{"id":114781,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/114780\/revisions\/114781"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/108592"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=114780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=114780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=114780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Whale Activity and Profit Booking Trigger Minor Pullback<\/h3>\n\n\n\n
Stablecoin Regulation Boosts Confidence<\/h3>\n\n\n\n
Spot Bitcoin ETFs See Robust Inflows<\/h3>\n\n\n\n
U.S. Banks Explore Joint Stablecoin Launch<\/h3>\n\n\n\n
Trump Leverages Meme Coin Craze<\/h3>\n\n\n\n
Altcoins Rally Alongside Bitcoin<\/h3>\n\n\n\n
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