{"id":120309,"date":"2025-10-24T22:43:00","date_gmt":"2025-10-24T18:43:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=120309"},"modified":"2025-10-25T01:13:10","modified_gmt":"2025-10-24T21:13:10","slug":"bitcoin-climbs-above-111000-as-trade-tensions-ease-and-inflation-cools","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/bitcoin-climbs-above-111000-as-trade-tensions-ease-and-inflation-cools\/10\/24\/market-updates\/","title":{"rendered":"Bitcoin Climbs Above $111,000 as Trade Tensions Ease and Inflation Cools"},"content":{"rendered":"Bitcoin extended its rebound on Friday, climbing near $111,000 and heading for a solid weekly gain, as signs of easing trade tensions between the United States and China and softer U.S. inflation data boosted investor sentiment.<br \/><br \/>The world\u2019s largest cryptocurrency rose about 1%, marking a 2% weekly increase after two weeks of losses. The move came as markets welcomed confirmation that U.S. President Donald Trump and Chinese President Xi Jinping will meet next week on the sidelines of the APEC summit in South Korea\u2014a signal that months of tariff threats and economic friction may be giving way to renewed diplomacy.<br \/><br \/>The news helped lift risk appetite across global markets, with investors turning back to equities and digital assets alike. The prospect of thawing trade relations reduced concerns of a renewed tariff battle that had rattled markets earlier this month.<br \/><br \/>Trade Thaw and Market Relief<br \/><br \/>The announcement of the Trump\u2013Xi meeting followed a series of preparatory talks between U.S. and Chinese officials aimed at defusing tensions. Negotiators are reportedly working to prevent a new round of tariffs and to address China\u2019s export curbs on critical materials such as rare earth minerals.<br \/><br \/>The return of high-level engagement reassured investors that both sides are seeking to avoid escalation. That sense of calm has been mirrored in the cryptocurrency market, where Bitcoin\u2019s price often moves in tandem with overall investor confidence.<br \/><br \/>Inflation Slows, Fed Eyes Rate Cut<br \/><br \/>Adding to the upbeat tone, U.S. inflation data showed that consumer prices rose 0.3% in September, bringing the annual rate to 3%, slightly below market expectations. Core inflation, which excludes volatile food and energy prices, also increased by 0.2% on the month, maintaining an annual pace of 3%.<br \/><br \/>The moderation in inflation offered some relief to policymakers and reinforced expectations that the Federal Reserve could move ahead with a quarter-point rate cut at its upcoming meeting. The figures also suggest that recent tariffs have not yet had a significant impact on consumer prices.<br \/><br \/>Despite the ongoing government shutdown, the inflation data were released as they are used to determine Social Security cost-of-living adjustments. Most other official economic reports remain delayed until funding resumes.<br \/><br \/>Trump Pardons Binance Founder<br \/><br \/>In a surprise development, President Trump issued a full pardon to Changpeng \u201cCZ\u201d Zhao, the founder of Binance, one of the world\u2019s largest cryptocurrency exchanges. Zhao had previously pleaded guilty to failing to maintain an anti\u2013money laundering program and served a short prison sentence as part of a broader settlement that saw Binance pay billions in penalties.<br \/><br \/>The move was seen as another sign of the administration\u2019s evolving stance on digital assets. In a statement following the pardon, Zhao expressed gratitude and pledged to help \u201cmake America the capital of crypto.\u201d<br \/><br \/>Broader Crypto Market Gains<br \/><br \/>Most major cryptocurrencies joined Bitcoin in the rally. Ethereum advanced more than 2%, trading around $3,900, while XRP gained over 4% to reach $2.50. Solana and Cardano also posted modest increases, and meme tokens such as Dogecoin recorded smaller upticks.<br \/><br \/>The broad-based recovery comes after weeks of volatility driven by shifting macroeconomic narratives\u2014from rate expectations to global trade uncertainty. Despite ongoing fluctuations, market analysts suggest that the latest rebound reflects renewed optimism in digital assets as investors seek alternatives to traditional markets.<br \/><br \/>The Road Ahead<br \/><br \/>With inflation easing and trade negotiations back on track, Bitcoin\u2019s near-term outlook appears constructive. However, traders remain cautious ahead of next week\u2019s Federal Reserve decision, which could set the tone for risk assets through the end of the year.<br \/><br \/>If the Fed confirms a rate cut and diplomatic progress continues between Washington and Beijing, Bitcoin could find additional support and potentially retest its previous highs. But for now, investors are keeping a close eye on the delicate balance between macroeconomic relief and lingering global risks.","protected":false},"excerpt":{"rendered":"<p>Bitcoin extended its rebound on Friday, climbing near $111,000 and heading for a solid weekly gain, as signs of easing trade tensions between the United States and China and softer U.S. inflation data boosted investor sentiment.The world\u2019s largest cryptocurrency rose about 1%, marking a 2% weekly increase after two weeks of losses. The move came &hellip;<\/p>\n","protected":false},"author":13,"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-120309","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\/120309","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\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=120309"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120309\/revisions"}],"predecessor-version":[{"id":120310,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120309\/revisions\/120310"}],"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=120309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=120309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=120309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}