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Bitcoin Price Today: Price Reaches $104,000 Amid Change in Fed Forecasts

Bitcoin Price Today: Price Reaches $104,000 Amid Change in Fed Forecasts

May-16-2025 07:53:38 AM

Bitcoin rebounded on Friday as investors weighed the outlook for U.S. Federal Reserve interest rates following muted inflation figures released this week.

Meanwhile, crypto markets remained cautious as leading US cryptocurrency exchange Coinbase Global said it could suffer financial losses of up to $400 million due to a cyberattack.

The token surged nearly 10% last week to above $105,000, but profit-taking and a cautious US economic outlook put the rally on hold.

However, Bitcoin remained above the key $100,000 level amid optimism that trade tensions will ease.