{"id":234549,"date":"2025-10-30T19:23:08","date_gmt":"2025-10-30T19:23:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/234549\/"},"modified":"2025-10-30T19:23:08","modified_gmt":"2025-10-30T19:23:08","slug":"bitcoin-btc-extends-losses-as-powell-cautions-against-rate-cut-bets","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/234549\/","title":{"rendered":"Bitcoin (BTC) Extends Losses as Powell Cautions Against Rate Cut Bets"},"content":{"rendered":"<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">Bitcoin slumped toward the lower end of its recent trading range as record rallies in other risk assets falter amid a mixed outlook for global growth and interest rates. <\/p>\n<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">The largest cryptocurrency fell as much as 3.2% to below $107,000 before trimming losses on Thursday. The retreat followed the Federal Reserve\u2019s widely expected decision to lower its benchmark rate by a quarter percentage point to 3.75%-4% on Wednesday \u2014 its second straight reduction \u2014 while Chair Jerome Powell cautioned investors against assuming further cuts would follow. Adding to market anxiety on Thursday was Meta Platforms Inc.\u2019s plans to take on debt to fund its artificial-intelligence push.<\/p>\n","protected":false},"excerpt":{"rendered":"Bitcoin slumped toward the lower end of its recent trading range as record rallies in other risk assets&hellip;\n","protected":false},"author":2,"featured_media":234550,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[779,84,42746,15313,460,2343,4168,59,814,66496,71565,467,63494,3356,86,56,54,55],"class_list":["post-234549","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bitcoin","tag-business","tag-crypto","tag-cryptocurrency","tag-debt","tag-donald-john-trump","tag-federal-reserve","tag-gb","tag-interest-rates","tag-jay-powell","tag-jinping-xi","tag-markets","tag-meta-platforms-inc-class-a","tag-stocks","tag-technology","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/234549","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=234549"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/234549\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/234550"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=234549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=234549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=234549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}