Boxmafia
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Bitcoin price today: stable at $107,000 amid caution regarding the Fed and inflation
Bitcoin slightly declined on Friday, giving back some recent gains as risk appetite cooled amid uncertainty regarding the Federal Reserve's plans for interest rates and the upcoming release of key inflation data.
The world's largest cryptocurrency showed moderate growth this week, as did broader crypto assets, after risk appetite was bolstered by a ceasefire between Israel and Iran, brokered by the U.S., which appeared to hold as of Friday.
Reports of increased corporate buying and institutional adoption also supported cryptocurrency prices.
#BTC dropped by 0.3% to $107,542.0 at 08:56 Moscow time. Although the cryptocurrency showed more than a 5% increase for the week, it still failed to break out of the trading range of $103,000-$105,000 observed for most of June.
Bitcoin slightly declined on Friday, giving back some recent gains as risk appetite cooled amid uncertainty regarding the Federal Reserve's plans for interest rates and the upcoming release of key inflation data.
The world's largest cryptocurrency showed moderate growth this week, as did broader crypto assets, after risk appetite was bolstered by a ceasefire between Israel and Iran, brokered by the U.S., which appeared to hold as of Friday.
Reports of increased corporate buying and institutional adoption also supported cryptocurrency prices.
#BTC dropped by 0.3% to $107,542.0 at 08:56 Moscow time. Although the cryptocurrency showed more than a 5% increase for the week, it still failed to break out of the trading range of $103,000-$105,000 observed for most of June.
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