Bitcoin (BTC) continued its seasonal rise on Friday, heading towards its best weekly performance since Donald Trump won the presidential election.
The largest and oldest cryptocurrency traded around $95,000 during the afternoon hours in the United States, recording an increase of 1.8% over the past twenty-four hours.
Ethereum (ETH) followed suit, rising by 2% to surpass the $1,800 mark.
SUI, Bitcoin Cash (BCH), and Hedera’s HBAR led the gains within the broad CoinDesk 20 cryptocurrency index.
Today's gains were crowned by exceptional momentum in the cryptocurrency markets, which continue to recover from their lowest levels recorded in early April, amid tariff disruptions.
Bitcoin recorded an increase of more than 11% since Monday, putting it on track for its biggest weekly gain since November 2024, when Donald Trump won the U.S. presidential election, an event that triggered a broad upward wave in the cryptocurrency market.
Meanwhile, investor appetite for exchange-traded funds has strengthened; the spot Bitcoin ETFs listed in the U.S. recorded net inflows of $2.68 billion this week so far, the largest pace since December, according to SoSoValue data.
Performance of cryptocurrencies this week:
Bitcoin is trading today at a level of $94,200, with sideways movements, but it recorded a weekly increase of 11.2%.
As for Ethereum, it surpassed the $1,800 mark and is currently trading at $1,811.63, achieving weekly gains of 13.56%, with a slight increase today of 0.25%.
In contrast, Ripple's currency fell by 1.4% today to stabilize at $2.18, despite recording weekly gains of 5.04%.
The Sui currency was the standout among major cryptocurrencies this week, as it surged by 69.5% over the past seven days to reach $3.6488, with an additional rise today of 3.79%, supported by the launch of several strong-performing meme coins on its network, such as MIU, LOFI, and BLUB.
