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Bitcoin climbed on Friday, extending recent gains and reaching a one-week high as optimism surrounding a more crypto-friendly regulatory framework in the United States helped support the market despite ongoing geopolitical tensions in the Middle East.<\/p>\n\n\n\n
By 01:49 ET (05:49 GMT)<\/strong>, Bitcoin rose nearly 3% to $71,529.7<\/strong>, putting the world\u2019s largest cryptocurrency on track for a weekly gain of about 6.5%<\/strong>.<\/p>\n\n\n\n The rally also came as oil prices paused their recent surge, easing some inflation concerns that had weighed on risk-sensitive assets.<\/p>\n\n\n\n Bitcoin\u2019s gains were largely driven by an announcement earlier this week that the U.S. Securities and Exchange Commission (SEC)<\/strong> and the Commodity Futures Trading Commission (CFTC)<\/strong> will collaborate to develop a more comprehensive regulatory framework for digital assets.<\/p>\n\n\n\n Under the agreement\u2014called the \u201cJoint Harmonization Initiative\u201d<\/strong>\u2014the two agencies plan to coordinate oversight of crypto markets, including:<\/p>\n\n\n\n The initiative aims to create a \u201cfit-for-purpose regulatory framework\u201d<\/strong> for cryptocurrencies and other emerging technologies.<\/p>\n\n\n\n Although the agreement is non-binding<\/strong>, the move has boosted investor confidence by signaling progress toward clearer federal crypto regulation.<\/p>\n\n\n\n The regulatory initiative aligns with U.S. President Donald Trump\u2019s<\/strong> campaign promises to provide clearer rules for the digital asset industry.<\/p>\n\n\n\n Trump has appointed pro-crypto leadership<\/strong> at both the SEC and the CFTC, raising expectations that the U.S. may adopt a more supportive approach toward cryptocurrency innovation.<\/p>\n\n\n\n Despite the rally, Bitcoin\u2019s recovery remains fragile as broader market sentiment continues to be affected by the U.S.\u2013Israel conflict with Iran<\/strong>.<\/p>\n\n\n\n The war has triggered sharp volatility across financial markets, particularly through its impact on oil prices. Sustained increases in crude prices could drive higher global inflation<\/strong>, prompting central banks to adopt a more hawkish stance on interest rates<\/strong>.<\/p>\n\n\n\n Higher interest rates typically reduce demand for speculative assets such as cryptocurrencies.<\/p>\n\n\n\n The broader cryptocurrency market also moved higher on Friday alongside Bitcoin.<\/p>\n\n\n\n Among meme tokens, Dogecoin climbed 4.8%<\/strong>, while the $TRUMP token jumped 13.7%<\/strong>.<\/p>\n\n\n\n Despite the recent rebound, most altcoins remain well below their previous highs after experiencing sharp declines in recent months, leaving overall sentiment toward the crypto sector cautious<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin climbed on Friday, extending recent gains and reaching a one-week high as optimism surrounding a more crypto-friendly regulatory framework in the United States helped support the market despite ongoing geopolitical tensions in the Middle East. By 01:49 ET (05:49 GMT), Bitcoin rose nearly 3% to $71,529.7, putting the world\u2019s largest cryptocurrency on track for …<\/p>\n","protected":false},"author":9,"featured_media":96849,"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-124662","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\/124662","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=124662"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/124662\/revisions"}],"predecessor-version":[{"id":124663,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/124662\/revisions\/124663"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/96849"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=124662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=124662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=124662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Regulatory optimism supports crypto<\/h3>\n\n\n\n
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Policy shift under Trump administration<\/h3>\n\n\n\n
Geopolitical risks still cloud outlook<\/h3>\n\n\n\n
Altcoins follow Bitcoin higher<\/h3>\n\n\n\n
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