$USDC

Bitcoin rose on Friday as investors assessed the US Federal Reserve's interest rate outlook following this week's weak inflation data.

Meanwhile, cryptocurrency markets were cautious after the largest US cryptocurrency exchange, Coinbase, announced it could suffer a financial loss of up to $400 million due to a cyberattack.

Bitcoin rose 1.6% to $104,014.5 by 8:50 a.m. Saudi time.

The currency jumped nearly 10% last week, surpassing the $105,000 level, but profit-taking and a cautious outlook for the US economy capped the rally.

However, Bitcoin remained supported above the key $100,000 level amid optimism about easing trade tensions.

$USDC

USDC