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Bitcoin Price at $92.5K, but Range Holds Due to the Fed
Bitcoin rose on Friday but remained within its recent trading range as investors weighed the Federal Reserve’s latest interest rate cut and its updated economic forecasts.
The latest price of the world's largest cryptocurrency increased by 2.5% to $92,579.6 as of 06:51 GMT.
Bitcoin may rise nearly 4% for the week, slightly recovering after the previous week’s decline and the sharp drop in November.
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Bitcoin Stays in Range Despite Fed Rate Cut
The original cryptocurrency has been struggling to build sustainable momentum in December, even as the Fed moved forward with another round of policy easing.
Bitcoin continued to fluctuate within a range of roughly $88,000 to $93,000, which has defined most of its December performance.
On Wednesday, the Fed cut interest rates by 25 basis points — the third cut this year — and signaled a cautious approach to further easing in 2026.
Analysts said the tone of the central bank, although supportive of risk assets, fell short of the “dovish” shift some traders were hoping for, limiting the impact on crypto markets.
Despite the softer interest rate, Bitcoin did not register a clear upward breakout.
Analysts also pointed to ongoing macroeconomic uncertainty: the Fed forecasts slower growth and highlights internal disagreements within the policy committee.
The muted price action after the Fed meeting contrasts with earlier periods when easing cycles fueled significant gains in digital assets.
Crypto Prices Today: Altcoins Rise Amid Broader Upswing
Most altcoins were also trading higher on Friday but remained within ranges amid cautious sentiment.
The world’s No. 2 cryptocurrency, Ethereum, rose 1.7% to $3,255.92.
The No. 3 cryptocurrency, XRP, gained 1.2% to $2.04.
Solana jumped more than 6%, while Cardano remained subdued and Polygon added 1.5%.
Among meme tokens, Dogecoin and $TRUMP rose 1.6%.
See also: "Cardano cryptocurrency drops 11% in bearish trading with a pullback"
