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Cryptocurrencies

Bitcoin stabilizes above $100,000... and Ethereum records its best week since 2021

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Published on Friday, May 9, 2025 | 8:19 PM

Last updated on Friday, May 9, 2025 | 8:31 PM

Cryptocurrencies, Bitcoin/ AFP

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Cryptocurrencies continued to rise as the weekend approached, with the price of Bitcoin stabilizing above the $100,000 mark, while Ethereum achieved its best weekly performance since 2021.

Read also: Bitcoin continues to rise and exceeds $103,000 for the first time in 3 months

The price of Bitcoin rose by 2% to reach $103,249.99 on Friday, according to Coin

Earlier, it climbed to $104,324.65, the highest level since January 31.

During the week, the price of Bitcoin increased by over 6%, on track to achieve its fourth consecutive positive week, and its first winning streak since November.

Regarding this rise, Gadi Chait, head of the investment department at Zabu Bank, which specializes in Bitcoin, said: "This rise above $100,000 should be seen as more than just euphoria, but rather as evidence of a flow-driven transformation."

He added: "Bitcoin whales are accumulating on the supply chains, and the demand for exchange-traded funds continues to set new record numbers, as investors seek 'neutral' assets in a macroeconomic environment affected by tariffs.$BTC