{"id":68565,"date":"2022-07-15T19:56:25","date_gmt":"2022-07-15T15:56:25","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=68565"},"modified":"2022-07-15T19:56:29","modified_gmt":"2022-07-15T15:56:29","slug":"bitcoin-recovers-but-traders-still-cautious","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/bitcoin-recovers-but-traders-still-cautious\/07\/15\/market-updates\/","title":{"rendered":"Bitcoin recovers but traders still cautious"},"content":{"rendered":"\n<p>Bitcoin breached the important $20,000 resistance level and surged past $20,600 on Friday. However, traders are still cautious because the US Fed is expected to boost interest rates by as much as 75-100 basis points in an effort to cool down the country\u2019s spiking inflation, which would make riskier assets, including cryptos, less attractive as investments.<br>  <br>The global cryptocurrency market capitalization was around $925 billion, representing a 24-hour increase of around 2.5%. Bitcoin was trading almost flat at $20,655, while Ethereum climbed around 1% to $1,203 on Friday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin breached the important $20,000 resistance level and surged past $20,600 on Friday. However, traders are still cautious because the US Fed is expected to boost interest rates by as much as 75-100 basis points in an effort to cool down the country\u2019s spiking inflation, which would make riskier assets, including cryptos, less attractive as &hellip;<\/p>\n","protected":false},"author":13,"featured_media":53010,"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":[40,36],"tags":[6904,6885,8143],"class_list":["post-68565","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-market-updates","tag-bitcoin","tag-fed","tag-interest-rate-hikes"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/68565","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\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=68565"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/68565\/revisions"}],"predecessor-version":[{"id":68569,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/68565\/revisions\/68569"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/53010"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=68565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=68565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=68565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}