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Bitcoin Prices<\/strong> Corporate buying\u2014most notably from major treasury holders\u2014did little to support momentum, while the U.S. SEC\u2019s approval of streamlined rules for crypto exchange-traded products also failed to spark significant price action.<\/p>\n\n\n\n Fed\u2019s Impact and Cooling Optimism<\/strong> BOJ\u2019s Hawkish Signal Weighs on Sentiment<\/strong> Altcoins Performance<\/strong> Memecoins<\/strong> such as Dogecoin<\/strong> and $TRUMP<\/strong> dropped over 1% each.<\/p>\n\n\n\n Ether (ETH)<\/strong> fell 0.8% to $4,532.68<\/strong>, flat on the week.<\/p>\n\n\n\n XRP<\/strong> slid 1% to $3.0404<\/strong>, down nearly 2% for the week.<\/p>\n\n\n\n BNB<\/strong> steadied at $992.90<\/strong>, set to gain more than 6% weekly<\/strong> after hitting a fresh record high above $1,000 on Thursday.<\/p>\n\n\n\n Cardano and Solana<\/strong> posted marginal gains.<\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin PricesBitcoin slipped slightly on Friday, falling 0.3% to $116,879.6 by 01:43 ET (05:43 GMT), trimming gains after a recent rally driven by optimism over U.S. interest rate cuts. Despite the decline, the token was still set for a weekly gain of 0.9%. Corporate buying\u2014most notably from major treasury holders\u2014did little to support momentum, while …<\/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-119023","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\/119023","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=119023"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119023\/revisions"}],"predecessor-version":[{"id":119024,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119023\/revisions\/119024"}],"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=119023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=119023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=119023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Bitcoin slipped slightly on Friday, falling 0.3% to $116,879.6<\/strong> by 01:43 ET (05:43 GMT), trimming gains after a recent rally driven by optimism over U.S. interest rate cuts. Despite the decline, the token was still set for a weekly gain of 0.9%<\/strong>.<\/p>\n\n\n\n
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Bitcoin initially benefited earlier this week from the Federal Reserve\u2019s 25 basis point rate cut<\/strong>, which had been widely anticipated. However, the Fed\u2019s refusal to deliver deeper cuts, citing sticky inflation and risks of higher consumer prices, dulled market enthusiasm. A cooling U.S. labor market<\/strong> also added to concerns about the broader economy, limiting speculative appetite.<\/p>\n\n\n\n
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Adding to the cautious mood, the Bank of Japan<\/strong> kept interest rates unchanged but announced plans to begin selling ETFs and REIT holdings<\/strong>. Although expected, the move was interpreted as hawkish tightening<\/strong>, raising speculation that a potential rate hike in October<\/strong> remains on the table. This pressured risk-driven assets, including cryptocurrencies.<\/p>\n\n\n\n
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Broader crypto markets were mixed:<\/p>\n\n\n\n