$ETH

-0.54%

ETH/USD

Investing.com — Bitcoin recovered on Friday as investors reflected on the U.S. Federal Reserve's interest rate outlook following moderate inflation data released this week.

Meanwhile, cryptocurrency markets were cautious as the leading U.S. cryptocurrency exchange, Coinbase Global, stated it could suffer a financial loss of up to $400 million due to a cyber attack.

Bitcoin rose 1.6% to $103,800.0 at 09:42 ET (13:42 GMT).

The token surged nearly 10% last week, reaching over $105,000, but some profit-taking and a cautious economic outlook from the U.S. stalled the rally.

Still, Bitcoin remained supported above the key $100,000 level due to optimism regarding easing trade tensions.