Bitcoin Price Today: On Track for Weekly Gain as Fed Rate Cut Boosts Sentiment
The Bitcoin price today is rallying, putting the world’s leading cryptocurrency firmly on course for a notable weekly gain. This upward move comes as the market digests the latest Fed rate cut and its implications for risk assets. Investors are cautiously optimistic, driving a broad crypto price today recovery that includes major altcoins like Ethereum and XRP.
Bitcoin Set for Weekly Gain After Fed Policy Move
As of early Friday trading, Bitcoin (BTC) has surged, positioning itself for a weekly rise of over 3%. This rebound marks a recovery from recent losses and a challenging November.
Current Trading Data: The world's biggest cryptocurrency last traded 2.5% higher at $92,399.
December Trading Band: Despite the positive week, Bitcoin has continued to oscillate within a familiar $88,000 to $93,000 range, struggling to find sustained breakout momentum this month.
Analysts Weigh Impact of Fed Rate Cut and Outlook
The Federal Reserve’s decision on Wednesday was a key driver for the Bitcoin weekly gain.
The central bank implemented a 25-basis-point Fed rate cut, its third of the year.
However, its updated economic projections for 2026 signaled a cautious, measured approach to further easing.
Market experts note that while the Fed’s tone was supportive, it stopped short of the more dovish shift some traders had anticipated. This, combined with the Fed’s forecast for slower growth and highlighted internal committee divisions, has created lingering macro uncertainty. Consequently, the direct impact on crypto markets has been somewhat muted, contrasting with historical periods where easing cycles sparked major rallies.
Crypto Price Today: Altcoins Rise in Sympathy
The positive Bitcoin price today action fueled gains across the broader digital asset market. Most major altcoins traded higher on Friday, participating in the broader risk-on uptick, though many remained within recent ranges.
Ethereum (ETH): The world no.2 crypto rose 1.7% to $3,244.49.
XRP (XRP): Gained 1.7% to trade at $2.0437.
Other Major Altcoins: Solana (SOL) jumped over 6%, while Cardano (ADA) advanced 2.3%.
Meme Tokens: The sector also saw green, with Dogecoin (DOGE) gaining over 2% and $TRUMP rising 1%.
Looking Ahead
While the Fed rate cut has provided a foundation for this week’s Bitcoin weekly gain, the market awaits a clearer catalyst for a decisive breakout. Traders will continue to monitor macroeconomic signals and institutional flows to gauge the next major move for Bitcoin price today and the broader crypto price today landscape.