Bitcoin Rises for Third Consecutive Day, but Bullish Momentum is Limited
Bitcoin continues its upward trend for the third day in a row, rising 1.6% on Friday to $98,586. However, the bullish momentum remains constrained as the Federal Reserve’s hawkish stance weighs on speculative investments.
Key Factors Influencing Bitcoin’s Price:
- Fed’s interest rate policy
- Macroeconomic risks
- Weaker-than-expected earnings from Block, a Bitcoin trading platform
Fed’s Policy Keeps Bitcoin in a Tight Range
On Thursday, Federal Reserve official Adriana Kugler reiterated that interest rates will remain at 4.25%-4.50% for some time, citing persistent inflation. This:
- Limits economic activity
- Reduces the appeal of speculative assets like cryptocurrencies
- Creates volatility in risk markets
Block’s Weak Earnings Impact Crypto Sentiment
- Block’s Q4 earnings: 71 cents per share (below expectations of 88 cents)
- Revenue: $6.032 billion (below expectations of $6.295 billion)
The drop in Bitcoin-related revenue contributed to the weaker earnings, reflecting declining consumer demand and market caution.
Altcoin Performance
- Ethereum (ETH): +1% to $2,758.50
- XRP: -0.6% to $2.6663
- Solana (SOL): +2.5%
- Cardano (ADA): +1.8%
- Polygon (MATIC): +2.2%
Dogecoin (DOGE) dropped 0.6%, while $TRUMP lost 0.7%.
Bitcoin Outlook: What’s Next?
While Bitcoin’s upward trend remains intact, further growth depends on inflation data, Fed policy, and institutional investor sentiment. If the Fed maintains its hawkish stance, Bitcoin may continue facing resistance.
Do you have news that could become a sensation?
Or do you want to try yourself as an editor?
On altn.news , it's possible!
Share your materials, express your opinion, and test your skills as a journalist or editor.
It’s simple:
✅ Download the app:
✅ Register on the website.
✅ Create and publish your news.
Who knows, maybe your material will become the next big headline!
Start today on altn.news.
The editorial board is not responsible for the content and accuracy of material taken, sent or obtained from other sources. The publication of such materials is for informational purposes only and does not imply automatic endorsement or approval of their content.
