{"id":120696,"date":"2025-11-07T15:50:00","date_gmt":"2025-11-07T11:50:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=120696"},"modified":"2025-11-07T15:25:15","modified_gmt":"2025-11-07T11:25:15","slug":"bitcoin-slips-toward-weekly-loss-as-tech-rout-saps-risk-appetite-policy-headlines-fail-to-lift-mood","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/bitcoin-slips-toward-weekly-loss-as-tech-rout-saps-risk-appetite-policy-headlines-fail-to-lift-mood\/11\/07\/market-updates\/","title":{"rendered":"Bitcoin slips toward weekly loss as tech rout saps risk appetite; policy headlines fail to lift mood"},"content":{"rendered":"\n<h1 class=\"wp-block-heading\"><\/h1>\n\n\n\n<p>Bitcoin extended losses on Friday, leaving the token on track for a steep weekly decline as a global selloff in richly valued technology shares curbed demand for risk assets. The largest cryptocurrency fell 0.8% to <strong>$102,294<\/strong> by 00:23 ET (05:23 GMT) and is down nearly <strong>8%<\/strong> this week, cementing a second straight weekly drop and four declines in the past five weeks. Having retreated more than <strong>20%<\/strong> from its early-October record, Bitcoin is now in a technical bear market.<\/p>\n\n\n\n<p>The pressure remains macro-driven. This week\u2019s de-rating in megacap tech spilled into crypto, with investors questioning whether AI-linked multiples can hold absent faster earnings growth. A prolonged U.S. government shutdown has further chilled sentiment by delaying key data releases and muddling visibility on the growth and inflation outlook. Private indicators offered mixed signals: one series flagged a jump in October layoffs, nudging markets to tentatively price a <strong>December<\/strong> Federal Reserve cut, but uncertainty over timing and magnitude kept risk appetite fragile.<\/p>\n\n\n\n<p>Policy rhetoric offered little lasting support. President <strong>Donald Trump<\/strong> touted ambitions to make the U.S. a \u201cBitcoin superpower\u201d and highlighted a raft of crypto-friendly measures, including a national crypto stockpile concept and a stablecoin framework. While the tone signaled a friendlier regulatory backdrop, the absence of concrete demand catalysts\u2014such as government purchases\u2014limited the market impact.<\/p>\n\n\n\n<p>Broader digital assets drifted in sympathy. <strong>Ether<\/strong> slipped <strong>0.9% to $3,357<\/strong> and is down <strong>&gt;13%<\/strong> on the week after touching its weakest level since mid-July. <strong>XRP<\/strong> fell about <strong>4.1%<\/strong> (\u2212~11% w\/w), while <strong>BNB<\/strong> ticked up <strong>1.9%<\/strong> on the day but remains roughly <strong>12%<\/strong> lower for the week. <strong>Solana<\/strong> eased <strong>0.8%<\/strong>, <strong>Cardano<\/strong> rose <strong>2%<\/strong>, <strong>Dogecoin<\/strong> added <strong>1.5%<\/strong>, and <strong>$TRUMP<\/strong> fell <strong>5.5%<\/strong>.<\/p>\n\n\n\n<p><strong>Outlook:<\/strong> With liquidity thin and cross-asset volatility elevated, near-term direction hinges on rates pricing and the durability of the equity drawdown. Without clearer evidence of a dovish Fed pivot\u2014or fresh, tangible crypto-specific inflows\u2014rallies are likely to fade into overhead supply, keeping Bitcoin range-bound with a defensive bias.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin extended losses on Friday, leaving the token on track for a steep weekly decline as a global selloff in richly valued technology shares curbed demand for risk assets. The largest cryptocurrency fell 0.8% to $102,294 by 00:23 ET (05:23 GMT) and is down nearly 8% this week, cementing a second straight weekly drop and &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-120696","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\/120696","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=120696"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120696\/revisions"}],"predecessor-version":[{"id":120697,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120696\/revisions\/120697"}],"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=120696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=120696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=120696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}