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Bitcoin Tops $116K, Ether Gains as Fed Rate Cut Bets Firm Up
Yahoo Finance· 2025-09-12 13:58
Bitcoin briefly rose above $116,000 on Friday after fresh US inflation data fueled expectations of a Fed Reserve interest rate cut, lifting risk assets across the board. Ether rose 2.5% to $4,519, while the overall crypto market added 1.5% to $4.1 trillion. The gains followed a week of closely watched economic releases that reinforced a shift in market sentiment. Producer price index data earlier this week showed wholesale inflation unexpectedly declined 0.1%, against forecasts for a 0.3% increase. That ...