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Bitcoin Price Today: Steady Around $87K After Weak U.S. CPI Data
Bitcoin remained largely stable around the $87,000 level on Friday after trading in a narrow range earlier in the week, as investors digested unexpectedly weak U.S. inflation data that reinforced expectations for future interest rate cuts by the Federal Reserve.
The world’s largest cryptocurrency was trading 0.6% higher at $87,121.6 as of 09:52 Moscow time.
Bitcoin is heading toward a weekly decline of nearly 4%, continuing a consolidation phase following strong gains earlier this year. The cryptocurrency spent most of last week trading within a tight range.
Bitcoin Remains Range-Bound
Bitcoin has repeatedly failed this month to sustainably reclaim the $90,000 level, a key psychological resistance.
Low liquidity typical of late-December trading has heightened investor caution and limited follow-through after brief rallies. Trading volumes remained subdued, leaving prices vulnerable to small flows and reinforcing range-bound activity.
Weak U.S. CPI Data Fuels Bets on Fed Easing
The world’s largest cryptocurrency showed little immediate reaction to U.S. consumer price data released on Thursday, which came in weaker than expected, with annual inflation at 2.7%.
Thursday’s data strengthened market bets that the Federal Reserve could move more quickly to cut rates in 2026. Interest rate futures now reflect increased expectations for easing early in 2026, as cooling price pressures ease constraints on policymakers.
Lower interest rates typically support risk assets by reducing the opportunity cost of holding non-yielding investments such as Bitcoin.
In the absence of major crypto-specific catalysts to boost sentiment, the inflation surprise alone was not enough to drive a decisive rally in Bitcoin.
NYSE Owner Invests in Crypto Payments Firm MoonPay — Bloomberg
Intercontinental Exchange Inc (NYSE: ICE), the owner of the New York Stock Exchange, is in talks to invest in crypto payments firm MoonPay as part of a funding round, Bloomberg News reported on Thursday, citing people familiar with the matter.
New York–based MoonPay is nearing the completion of its fundraising efforts and is targeting a valuation of around $5 billion, according to the report.
The talks highlight growing Wall Street interest in digital assets amid a more favorable policy environment in the U.S. under President Donald Trump.
Crypto Prices Today: Altcoins Muted, Tracking Bitcoin
Most altcoins showed little to no movement on Friday.
The world’s second-largest cryptocurrency, Ethereum, rose 1.8% to $2,926.92.
The third-largest cryptocurrency, XRP, was little changed at $1.84.
Solana and Cardano were also flat, while Polygon slipped 1.1%.
Among meme tokens, both Dogecoin and $TRUMP gained 1%.
See also: "Bitwise Presents a Forecast for Bitcoin Volatility Next Year"
