Bitcoin advanced on Friday but stayed within its recent trading band as investors assessed the Federal Reserve’s latest interest rate cut and its updated economic outlook.
The world’s largest cryptocurrency’s latest price rose 2.5% to $92,579.6 by 09:51 Moscow time.
Bitcoin might gain almost 4% for the week, slightly recovering after the prior weekly decline and a heavy drop in November.
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Bitcoin stays ranging despite the Fed rate cut
The original cryptocurrency is struggling to build sustained momentum in December, even as the Fed pushed ahead with another round of policy easing.
Bitcoin continued to fluctuate within the range of roughly $88,000 to $93,000, which has defined much of its December movement.
On Wednesday, the Fed lowered interest rates by 25 basis points, the third reduction this year, and signaled a cautious approach to further accommodation in 2026.
Analysts noted the central bank’s tone, while supportive of risk assets, fell short of the “dovish” shift some traders anticipated, capping the effect on crypto markets.
Even with the softer interest rate, Bitcoin failed to register a clear upward breakout.
Analysts also pointed to lingering macroeconomic uncertainty, with the Fed projecting slower growth and highlighting internal divisions within the policy committee.
The restrained price action following the Fed meeting contrasts with earlier periods when easing cycles spurred significant gains for digital assets.
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