<\/p>\n\n\n\n
Bitcoin prices were largely stable on Thursday, consolidating near $122,000<\/strong> after a volatile week that saw the token hit record highs above $126,000<\/strong>.<\/p>\n\n\n\n As of 02:20 ET (06:20 GMT)<\/strong>, the world\u2019s largest cryptocurrency was up 0.1% at $121,969.5<\/strong>, easing slightly as investors weighed profit-taking pressures<\/strong> and lingering macroeconomic uncertainty<\/strong> tied to the ongoing U.S. government shutdown<\/strong>.<\/p>\n\n\n\n The extended U.S. government shutdown<\/strong>, now in its second week<\/strong>, continued to weigh on market sentiment by delaying key economic data releases and amplifying fiscal concerns.<\/p>\n\n\n\n Meanwhile, the Federal Reserve\u2019s September meeting minutes<\/strong> revealed that a \u201csubstantial majority\u201d of officials supported further rate cuts<\/strong> this year to protect the labor market, though others urged caution given persistent inflation risks<\/strong>.<\/p>\n\n\n\n The minutes underscored divisions within the Fed, with several policymakers preferring to pause rate adjustments<\/strong> until clearer signs of economic cooling appear. Investors are now focused on Chair Jerome Powell\u2019s remarks<\/strong> at a Washington conference later today for more policy clues.<\/p>\n\n\n\n In parallel, the U.S. Dollar Index<\/strong> gained over 1% this week<\/strong>, rebounding from recent lows as risk aversion drove safe-haven demand \u2014 a move that partly challenged the \u201cdebasement trade\u201d<\/strong> narrative that had supported Bitcoin and gold in recent sessions.<\/p>\n\n\n\n Bitcoin\u2019s recent rally was fueled by strong institutional inflows<\/strong> into U.S.-listed spot Bitcoin ETFs<\/strong>, which continue to attract investors seeking regulated exposure.<\/p>\n\n\n\n Additionally, some traders have been positioning Bitcoin as part of a \u201cdebasement trade,\u201d<\/strong> rotating away from fiat currencies amid fiscal uncertainty and anticipated monetary easing.<\/p>\n\n\n\n However, with the dollar rebounding, that thesis has softened, leading to consolidation below record highs<\/strong> as short-term traders lock in profits.<\/p>\n\n\n\n Broader crypto markets showed a mixed performance on Thursday, mirroring Bitcoin\u2019s consolidation:<\/p>\n\n\n\n Analysts expect Bitcoin\u2019s short-term movement to remain rangebound<\/strong> between $120,000 and $125,000<\/strong>, with volatility tied closely to U.S. fiscal developments and Powell\u2019s upcoming remarks.<\/p>\n\n\n\n A sustained break above $126,000<\/strong> could reopen bullish momentum toward $130,000<\/strong>, while prolonged uncertainty around the government shutdown<\/strong> may cap upside potential in the near term.<\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin prices were largely stable on Thursday, consolidating near $122,000 after a volatile week that saw the token hit record highs above $126,000. As of 02:20 ET (06:20 GMT), the world\u2019s largest cryptocurrency was up 0.1% at $121,969.5, easing slightly as investors weighed profit-taking pressures and lingering macroeconomic uncertainty tied to the ongoing U.S. government …<\/p>\n","protected":false},"author":9,"featured_media":53010,"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":[40,36],"tags":[],"class_list":["post-119743","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119743","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=119743"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119743\/revisions"}],"predecessor-version":[{"id":119744,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119743\/revisions\/119744"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/53010"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=119743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=119743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=119743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n\n\n\nShutdown Worries and Fed Minutes Cool Risk Appetite<\/strong><\/h3>\n\n\n\n
\n\n\n\nETF Inflows and the \u201cDebasement Trade\u201d Narrative<\/strong><\/h3>\n\n\n\n
\n\n\n\nAltcoins Mixed as Market Pauses<\/strong><\/h3>\n\n\n\n
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\n\n\n\nOutlook<\/strong><\/h3>\n\n\n\n