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

Meanwhile, cryptocurrency markets were cautious after the largest U.S. cryptocurrency exchange, Coinbase, announced it could incur a financial loss of up to $400 million due to a cyber attack.

Bitcoin increased by 1.6% to $104,014.5 by 8:50 AM EST $USDC

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