<\/p>\n\n\n\n
Bitcoin extended its decline on Thursday, pressured by sustained profit-taking after notching record highs earlier this week, while a favorable U.S. court ruling on trade tariffs failed to lift sentiment across the cryptocurrency space.<\/p>\n\n\n\n
The world\u2019s largest digital asset fell 1.2% to $107,721.6 by 01:43 ET (05:43 GMT), marking a third consecutive session of losses following its brief rally above $110,000. The pullback comes despite positive regulatory developments and a high-profile institutional purchase.<\/p>\n\n\n\n
GameStop\u2019s Bitcoin Bet Fails to Move the Needle<\/strong><\/p>\n\n\n\n GameStop Corp (NYSE:GME) recently revealed a $500 million Bitcoin acquisition, a move that would typically stir bullish sentiment. However, the announcement did little to stem the sell-off, as traders locked in profits after Bitcoin’s blistering run earlier this month.<\/p>\n\n\n\n Court Blocks Trump Tariffs, But Crypto Remains Muted<\/strong><\/p>\n\n\n\n Bitcoin, often seen as a hedge against geopolitical and economic instability, showed little reaction to a U.S. federal court ruling that President Donald Trump had overstepped his authority in imposing sweeping tariffs. The decision spurred a rally in broader risk assets, but cryptocurrencies failed to catch the tailwind.<\/p>\n\n\n\n The ruling mandates Trump comply within 10 days, although the White House has already filed an appeal, introducing renewed uncertainty around the trajectory of U.S. trade policy.<\/p>\n\n\n\n While crypto has benefited in the past from trade-related volatility, Bitcoin\u2019s recent gains have been more closely tied to regulatory optimism than to tariff-driven market fear.<\/p>\n\n\n\n Trump\u2019s Crypto Ties Raise Eyebrows Amid Growing Influence<\/strong><\/p>\n\n\n\n U.S. Vice President JD Vance added fuel to the pro-crypto narrative at the Bitcoin 2025 Conference in Las Vegas, advocating for wider Bitcoin adoption as a strategic counterweight to China\u2019s anti-crypto stance. He also praised the Trump administration\u2019s launch of a national Bitcoin reserve.<\/p>\n\n\n\n However, the administration\u2019s crypto involvement is not without controversy. Accusations of conflicts of interest have surfaced, particularly surrounding the president\u2019s active promotion of the $TRUMP memecoin, which recently became the focus of a White House dinner with top holders.<\/p>\n\n\n\n Altcoins Mixed as Market Momentum Cools<\/strong><\/p>\n\n\n\n Most altcoins mirrored Bitcoin\u2019s decline. XRP, Solana, and Cardano fell between 0.4% and 2%, underlining a lack of broader crypto enthusiasm despite easing macro pressures.<\/p>\n\n\n\n Ethereum was the notable outlier, rising 3.1% to $2,722.26 on renewed buying interest. Among meme coins, Dogecoin edged up 0.3%, while $TRUMP dropped 3% following the underwhelming outcome of the president\u2019s investor dinner.<\/p>\n\n\n\n With Bitcoin\u2019s regulatory tailwinds now priced in and broader macro signals mixed, crypto traders appear to be rotating cautiously\u2014balancing short-term risk appetite with longer-term uncertainty over regulation and policy.<\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin extended its decline on Thursday, pressured by sustained profit-taking after notching record highs earlier this week, while a favorable U.S. court ruling on trade tariffs failed to lift sentiment across the cryptocurrency space. The world\u2019s largest digital asset fell 1.2% to $107,721.6 by 01:43 ET (05:43 GMT), marking a third consecutive session of losses …<\/p>\n","protected":false},"author":9,"featured_media":98174,"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-114944","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\/114944","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=114944"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/114944\/revisions"}],"predecessor-version":[{"id":114945,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/114944\/revisions\/114945"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/98174"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=114944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=114944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=114944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}