<\/p>\n\n\n\n
Bitcoin slipped back toward the $88,000 level on Thursday, remaining under pressure despite a softer U.S. dollar and a historic surge in gold, as investors absorbed the Federal Reserve\u2019s decision to keep interest rates unchanged.<\/p>\n\n\n\n
The world\u2019s largest cryptocurrency traded 1% lower at $88,201.6 by 01:56 ET (06:56 GMT). Bitcoin has been rangebound between $86,000 and $89,000 throughout the week and is up just 1% so far in January.<\/p>\n\n\n\n
The muted price action in crypto stood in stark contrast to gold\u2019s explosive rally, with bullion vaulting past $5,500 an ounce for the first time. Safe-haven demand, geopolitical tensions, and expectations around U.S. monetary policy drove the move in precious metals.<\/p>\n\n\n\n
Bitcoin, often promoted as \u201cdigital gold,\u201d failed to attract similar flows.<\/p>\n\n\n\n
On Wednesday, the Federal Reserve held its benchmark rate steady in the 3.50%\u20133.75% range, pausing after three consecutive cuts. Chair Jerome Powell said policymakers need clearer evidence that inflation is moving sustainably toward the 2% target before easing further, pointing to a resilient labor market and steady growth.<\/p>\n\n\n\n
The cautious tone reinforced expectations that any rate cuts will be gradual and data-dependent. That outlook weighed on risk-sensitive assets, including cryptocurrencies, as traders reassessed future liquidity conditions.<\/p>\n\n\n\n
Meanwhile, Reuters reported that the White House plans to host senior executives from banks and crypto firms next week to break a deadlock over landmark U.S. digital-asset legislation. The talks will focus on whether crypto companies can offer yield on dollar-pegged stablecoins\u2014an issue that has stalled progress on the so-called Clarity Act.<\/p>\n\n\n\n
While the meeting could help revive momentum for regulatory reform, markets remained unconvinced in the near term.<\/p>\n\n\n\n
Broader crypto prices also weakened. Ethereum fell 1.5% to $2,958.92, while XRP slipped 1.5%. Solana dropped 2.4%, with Cardano and Polygon down around 1.5% each. Among memecoins, Dogecoin and $TRUMP both declined about 2%.<\/p>\n\n\n\n
For now, Bitcoin continues to lag traditional safe havens, caught between fading risk appetite and an absence of fresh bullish catalysts.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin slipped back toward the $88,000 level on Thursday, remaining under pressure despite a softer U.S. dollar and a historic surge in gold, as investors absorbed the Federal Reserve\u2019s decision to keep interest rates unchanged. The world\u2019s largest cryptocurrency traded 1% lower at $88,201.6 by 01:56 ET (06:56 GMT). Bitcoin has been rangebound between $86,000 …<\/p>\n","protected":false},"author":9,"featured_media":95805,"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-123187","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\/123187","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=123187"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/123187\/revisions"}],"predecessor-version":[{"id":123188,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/123187\/revisions\/123188"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/95805"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=123187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=123187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=123187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}