Bitcoin price today: rises to $91.5k as Fed cut bets remain firm

rose on Monday, recovering from a slight weekly decline as investors held firm to expectations that the U.S. Federal Reserve will deliver an interest-rate cut this week.

Gains were limited as market participants remained cautious, with earlier mixed signals from policymakers tempering enthusiasm.

The world’s largest cryptocurrency last traded 2.2% higher at $91,398.6 by 02:08 ET (07:08 GMT).

Bitcoin regained ground after slipping below $84,000 last week. The brief pullback after bruising losses in November kept investors on edge.

Fed expected to cut rates this week

Rate-cut bets stayed intact following softer U.S. economic data in recent weeks. Investors see an 87% chance of a 25-basis-point reduction at the Fed meeting ending Dec. 10, encouraged by a cooling inflation backdrop.

Friday’s release of the Fed’s preferred inflation gauge — the core Personal Consumption Expenditures (PCE) index — showed a month-on-month increase of 0.2%, with the annual rate easing to 2.8%, reinforcing views that price pressures are steadily moderating.

A shift toward lower rates is generally supportive for risk assets; however, traders remain wary. Conflicting public remarks from Fed officials in recent weeks have created uncertainty over how swiftly or aggressively policy may be eased in 2026.

Bitcoin began rising sharply at the end of 2024 as expectations for the Fed’s pivot gathered momentum, with looser financial conditions seen as a key catalyst. Lower interest rates typically weaken the dollar and boost the appeal of non-yielding assets such as Bitcoin, which could help sustain gains if economic data continues to soften.