<\/p>\n\n\n\n
Bitcoin struggled for direction on Thursday<\/strong>, remaining stuck within a narrow range as renewed U.S.\u2013China trade tensions<\/strong> and cautious investor sentiment kept crypto markets subdued.<\/p>\n\n\n\n The world\u2019s largest cryptocurrency edged up 0.8% to $108,918.2<\/strong> by 06:06 GMT<\/strong>, extending its recovery from earlier lows near $103,000<\/strong> this month, but still trapped between $100,000\u2013$110,000<\/strong> \u2014 a band that has defined trading through October.<\/p>\n\n\n\n Reports that Washington<\/strong> is considering export restrictions on software-powered goods<\/strong> \u2014 including laptops and jet engines<\/strong> \u2014 in response to China\u2019s rare earth export curbs<\/strong> rekindled fears of a renewed trade war<\/strong> between the world\u2019s two largest economies.<\/p>\n\n\n\n While such trade disputes do not directly involve digital assets, they tend to dampen risk appetite<\/strong>, pushing investors toward traditional safe havens<\/strong> like gold while discouraging exposure to volatile assets such as cryptocurrencies.<\/p>\n\n\n\n As a result, Bitcoin\u2019s price momentum has stagnated even as global equity markets<\/strong> and tech stocks<\/strong> \u2014 particularly those tied to AI optimism<\/strong> \u2014 have outperformed.<\/p>\n\n\n\n Bitcoin is down nearly 5% month-to-date<\/strong>, a sharp contrast to the 10% gain<\/strong> recorded in October 2024<\/strong> during the so-called \u201cUptober\u201d<\/strong> rally \u2014 a seasonal pattern where crypto assets typically outperform.<\/p>\n\n\n\n The sentiment shift followed a flash crash earlier this month<\/strong> that erased roughly $500 billion<\/strong> in total crypto market capitalization, shaking trader confidence and fueling widespread liquidation of long positions.<\/p>\n\n\n\n Adding to the pressure, on-chain data this week revealed that a major Bitcoin whale<\/strong> opened a short position<\/strong>, echoing similar activity before the October crash \u2014 a move seen by traders as a bearish signal for near-term price action.<\/p>\n\n\n\n Broader crypto markets mirrored Bitcoin\u2019s subdued tone.<\/p>\n\n\n\n Analysts see Bitcoin remaining rangebound in the short term as markets weigh conflicting forces \u2014 the macroeconomic uncertainty<\/strong> tied to trade tensions and the prospect of U.S. interest rate cuts<\/strong>, which could eventually improve liquidity for speculative assets.<\/p>\n\n\n\n Until a decisive catalyst emerges \u2014 such as clarity on Fed policy<\/strong>, progress in trade talks<\/strong>, or a return of institutional inflows<\/strong> \u2014 Bitcoin is likely to oscillate between support near $100,000<\/strong> and resistance around $110,000<\/strong>, with investor sentiment remaining cautious.<\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin struggled for direction on Thursday, remaining stuck within a narrow range as renewed U.S.\u2013China trade tensions and cautious investor sentiment kept crypto markets subdued. The world\u2019s largest cryptocurrency edged up 0.8% to $108,918.2 by 06:06 GMT, extending its recovery from earlier lows near $103,000 this month, but still trapped between $100,000\u2013$110,000 \u2014 a band …<\/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":[38,40,6827,49,36],"tags":[],"class_list":["post-120254","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-cryptocurrencies","category-daily-economic-reports","category-economic-reports","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120254","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=120254"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120254\/revisions"}],"predecessor-version":[{"id":120255,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120254\/revisions\/120255"}],"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=120254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=120254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=120254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n\n\n\nTrade Tensions Cloud Crypto Outlook<\/strong><\/h3>\n\n\n\n
\n\n\n\nOctober Slump Marks a Reversal of \u2018Uptober\u2019 Optimism<\/strong><\/h3>\n\n\n\n
\n\n\n\nAltcoins Mixed as Volatility Eases<\/strong><\/h3>\n\n\n\n
\n
\n\n\n\nOutlook: Rangebound Trading Likely to Continue<\/strong><\/h3>\n\n\n\n