According to PANews, Ethereum has spearheaded a significant rally in the cryptocurrency market this week, driven by easing global trade tensions and optimism surrounding network upgrades. On Friday, Ethereum, the second-largest digital token by market capitalization, surged by 14% to reach $2,490, marking a weekly increase of nearly 33%. This represents the largest weekly gain since 2021, a period characterized by speculative trading and low interest rates that fueled a cryptocurrency boom during the pandemic.
Bitcoin, the largest digital currency, also experienced a rise, climbing 1.7% to $104,336. Valentin Fournier, Chief Research Analyst at BRN, commented on the strong momentum, suggesting it may continue. He noted that new breakthroughs and policy support could potentially attract new buyers to the market.
