Bitcoin ticked modestly higher on Wednesday, trading back above the $88,000 level after earlier losses this week, but upside momentum remained constrained amid sustained outflows from U.S.-listed spot exchange-traded funds and lingering uncertainty over the Federal Reserve\u2019s interest-rate trajectory.<\/p>\n\n\n\n
The world\u2019s largest cryptocurrency was last up 1.3% at $88,497<\/strong> by 09:53 ET (14:53 GMT)<\/strong>. Despite the rebound, Bitcoin has continued to trade within a narrow range, struggling to attract fresh buying interest as broader risk appetite remains subdued.<\/p>\n\n\n\n A key drag on Bitcoin\u2019s price action has been continued net outflows from U.S. spot Bitcoin ETFs. Recent data showed that several funds recorded further redemptions, extending a trend that has raised concerns about cooling institutional demand.<\/p>\n\n\n\n These ETFs had been a major pillar of support earlier in the year, helping channel institutional capital into the crypto market. Their recent underperformance has removed a critical source of inflows, limiting Bitcoin\u2019s ability to sustain a stronger recovery.<\/p>\n\n\n\n Macro uncertainty has also played a role in keeping crypto markets cautious. Recent U.S. labour-market data showed slower job creation alongside a gradual rise in unemployment, pointing to some cooling in employment conditions. However, the slowdown has not been decisive enough to give the Federal Reserve a clear mandate to accelerate interest-rate cuts.<\/p>\n\n\n\n With inflation still running above the Fed\u2019s target, policymakers remain caught between signs of easing growth and persistent price pressures. This has made the timing and pace of future rate reductions less certain, weighing on risk-sensitive assets such as cryptocurrencies.<\/p>\n\n\n\n Markets are now turning their attention to upcoming U.S. inflation data<\/strong>, which could provide clearer guidance on the Fed\u2019s next steps and influence near-term crypto sentiment.<\/p>\n\n\n\n Broader crypto markets were largely rangebound on Wednesday, reflecting the cautious tone and reports of thin liquidity.<\/p>\n\n\n\n Overall, Bitcoin\u2019s modest rebound highlights short-term stabilization rather than a decisive trend shift, with ETF flows and U.S. macro data likely to remain the dominant drivers in the days ahead.<\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin ticked modestly higher on Wednesday, trading back above the $88,000 level after earlier losses this week, but upside momentum remained constrained amid sustained outflows from U.S.-listed spot exchange-traded funds and lingering uncertainty over the Federal Reserve\u2019s interest-rate trajectory. The world\u2019s largest cryptocurrency was last up 1.3% at $88,497 by 09:53 ET (14:53 GMT). Despite …<\/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-121858","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\/121858","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=121858"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121858\/revisions"}],"predecessor-version":[{"id":121859,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/121858\/revisions\/121859"}],"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=121858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=121858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=121858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}ETF outflows weigh on sentiment<\/h3>\n\n\n\n
Fed policy outlook clouds risk appetite<\/h3>\n\n\n\n
Altcoins trade sideways<\/h3>\n\n\n\n
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