#BinanceBlockchainWeek $BTC

BTCUSDT

Perp

90,041.9

-1.32%

Bitcoin slightly fell on Friday but retained most of its gains after a sharp recovery in the middle of the week as traders continue to focus on expectations of a rate cut by the US Federal Reserve and await key inflation data.

The largest cryptocurrency in the world traded 1.1% lower, at $92,146.6 as of 09:49 Moscow time.

Earlier this week, Bitcoin briefly dropped to around $84,000, the lowest level in nearly a month, following a wave of "risk-off" sentiment that triggered mass liquidation of leveraged positions in the cryptocurrency markets.

Nevertheless, the sharp rebound in the middle of the week put Bitcoin on track for a weekly gain of 1%.