$ETH Bitcoin rose on Friday as investors assessed the U.S. Federal Reserve's interest rate outlook following low inflation data released this week.

At the same time, cryptocurrency markets were cautious after the largest U.S. cryptocurrency platform, Coinbase, announced it could face a financial loss of up to $400 million due to a cyber attack.

Bitcoin increased by 1.6% to $104,014.5 by 08:50 AM Saudi time.