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Bitcoin edged lower on Friday but retained most of its strong mid-week recovery, as traders stayed focused on expectations of a U.S. Federal Reserve rate cut and awaited crucial inflation figures.<\/p>\n\n\n\n
The world\u2019s largest cryptocurrency was last down 1.1% at $92,146.6<\/strong> by 01:59 ET (05:59 GMT).<\/p>\n\n\n\n Earlier in the week, Bitcoin briefly slid toward $84,000<\/strong>, its lowest level in nearly a month, after a bout of risk-off sentiment triggered heavy leveraged liquidations across crypto markets. Even so, the subsequent rebound has left Bitcoin on track for a 1% weekly gain<\/strong>.<\/p>\n\n\n\n The recovery has been supported by growing conviction that the Federal Reserve could cut interest rates next week<\/strong>.<\/p>\n\n\n\n Thursday\u2019s U.S. jobless claims data showed first-time filings fell sharply to their lowest level in more than three years<\/strong>, reinforcing the view that the labour market is cooling enough to give the Fed room to begin easing policy.<\/p>\n\n\n\n The prospect of lower borrowing costs typically supports risk assets<\/strong> such as cryptocurrencies by improving liquidity and reducing the appeal of yield-bearing instruments.<\/p>\n\n\n\n However, trading remained cautious ahead of Friday\u2019s release of the U.S. Personal Consumption Expenditures (PCE) Price Index<\/strong> \u2014 the Fed\u2019s preferred inflation gauge. A softer reading could further strengthen the case for a rate cut.<\/p>\n\n\n\n At the same time, reports indicate that institutional inflows into Bitcoin have slowed<\/strong> compared with earlier quarters, leaving prices more vulnerable to rapid swings driven by derivatives positioning and shifts in sentiment.<\/p>\n\n\n\n In a notable sign of growing mainstream adoption, Bank of America (NYSE:BAC)<\/strong> said on Thursday it will begin allowing its wealth advisers to recommend crypto exposure<\/strong> to client portfolios starting January 2026<\/strong>.<\/p>\n\n\n\n Under the new policy, advisers at Bank of America Private Bank, Merrill, and Merrill Edge<\/strong> will be able to suggest regulated crypto exchange-traded products (ETPs)<\/strong>, with a recommended allocation of 1% to 4%<\/strong> of a client\u2019s portfolio.<\/p>\n\n\n\n The bank said the move reflects rising client interest in digital assets<\/strong> and demand for exposure to \u201cthematic innovation,\u201d while stressing the high risk and volatility<\/strong> associated with cryptocurrencies.<\/p>\n\n\n\n Beginning January 5<\/strong>, Bank of America strategists will start covering four major Bitcoin ETFs<\/strong> \u2014 including products from Bitwise, Fidelity, Grayscale, and BlackRock<\/strong> \u2014 to support this new advisory framework.<\/p>\n\n\n\n Altcoins largely tracked Bitcoin lower amid a cautious tone on Thursday:<\/p>\n\n\n\n Among meme tokens, Dogecoin<\/strong> and $TRUMP<\/strong> each declined around 2%<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin edged lower on Friday but retained most of its strong mid-week recovery, as traders stayed focused on expectations of a U.S. Federal Reserve rate cut and awaited crucial inflation figures. The world\u2019s largest cryptocurrency was last down 1.1% at $92,146.6 by 01:59 ET (05:59 GMT). Earlier in the week, Bitcoin briefly slid toward $84,000, …<\/p>\n","protected":false},"author":9,"featured_media":54500,"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-121440","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\/121440","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=121440"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121440\/revisions"}],"predecessor-version":[{"id":121441,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121440\/revisions\/121441"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/54500"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=121440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=121440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=121440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Fed cut expectations underpin Bitcoin<\/h3>\n\n\n\n
BofA opens the door to crypto for wealth clients<\/h3>\n\n\n\n
Crypto price today: altcoins retreat, XRP drops 5%<\/h3>\n\n\n\n
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