{"id":120647,"date":"2025-11-06T15:42:59","date_gmt":"2025-11-06T11:42:59","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=120647"},"modified":"2025-11-06T15:43:02","modified_gmt":"2025-11-06T11:43:02","slug":"bitcoin-inches-higher-as-bargain-hunting-meets-macro-headwinds-altcoins-bounce-jitters-linger","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/bitcoin-inches-higher-as-bargain-hunting-meets-macro-headwinds-altcoins-bounce-jitters-linger\/11\/06\/market-updates\/","title":{"rendered":"Bitcoin inches higher as bargain-hunting meets macro headwinds; altcoins bounce, jitters linger"},"content":{"rendered":"\n<h1 class=\"wp-block-heading\"><\/h1>\n\n\n\n<p>Bitcoin rose on Thursday, clawing back a sliver of this week\u2019s heavy losses as dip-buyers tested support after the market slid into bear-market territory. The largest cryptocurrency gained <strong>1.7% to $103,744<\/strong> by 23:35 ET (04:35 GMT), after briefly sinking below <strong>$100,000<\/strong> earlier in the week\u2014its weakest level since mid-June and more than <strong>20%<\/strong> off the early-October record, a textbook bear-market drawdown.<\/p>\n\n\n\n<p>The rebound comes against a tense macro backdrop. Cooling expectations for a <strong>December Federal Reserve rate cut<\/strong> and a protracted <strong>U.S. government shutdown<\/strong> have dulled risk appetite, keeping rallies short-lived. Sentiment was further jarred by warnings of stretched valuations across risk assets: <strong>World Economic Forum<\/strong> President <strong>B\u00f8rge Brende<\/strong> cautioned on Wednesday that bubbles may be forming in <strong>crypto<\/strong>, <strong>AI<\/strong>, and <strong>sovereign debt<\/strong>\u2014remarks that echoed this week\u2019s tech-led selloff and the cascading losses that spilled into digital assets.<\/p>\n\n\n\n<p>October failed to deliver the crypto-folklore \u201cUptober\u201d boost\u2014Bitcoin fell roughly <strong>5%<\/strong> last month, breaking a seven-year streak\u2014while a sector-wide flash crash in early October erased about <strong>$500 billion<\/strong> in market value and left positioning fragile. Still, corporate prints showed pockets of resilience: <strong>Robinhood<\/strong> reported stronger-than-expected Q3 earnings on surging <strong>crypto trading volumes<\/strong>, with crypto revenue up <strong>300% y\/y to $268 million<\/strong>, even as it missed some forecasts. The broker also said CFO <strong>Jason Warnick<\/strong> will step down in Q1 2026, to be succeeded by company veteran <strong>Shiv Verma<\/strong>.<\/p>\n\n\n\n<p>Broader tokens tracked Bitcoin\u2019s bounce but remain bruised. <strong>Ether<\/strong> rose <strong>3.7% to $3,450<\/strong>, <strong>XRP<\/strong> gained <strong>5.1%<\/strong>, <strong>Solana<\/strong> added <strong>3.2%<\/strong>, and <strong>Cardano<\/strong> and <strong>BNB<\/strong> advanced <strong>1.5%\u20132%<\/strong>. Among memes, <strong>Dogecoin<\/strong> ticked up <strong>1.2%<\/strong>, while <strong>$TRUMP<\/strong> rallied nearly <strong>16%<\/strong> without a clear catalyst.<\/p>\n\n\n\n<p><strong>Outlook:<\/strong> With policy uncertainty high and liquidity patchy, Bitcoin\u2019s near-term path hinges on rates pricing and cross-asset volatility. Until rate-cut odds firm or macro clouds clear, rebounds are likely to face supply into overhead resistance, leaving the tape headline-driven and tactical.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin rose on Thursday, clawing back a sliver of this week\u2019s heavy losses as dip-buyers tested support after the market slid into bear-market territory. The largest cryptocurrency gained 1.7% to $103,744 by 23:35 ET (04:35 GMT), after briefly sinking below $100,000 earlier in the week\u2014its weakest level since mid-June and more than 20% off the &hellip;<\/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":[40,6827,49,36],"tags":[],"class_list":["post-120647","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\/120647","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=120647"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120647\/revisions"}],"predecessor-version":[{"id":120648,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120647\/revisions\/120648"}],"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=120647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=120647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=120647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}