Investing.com - Bitcoin (BTC) continued its spring rise on Friday and is heading for its strongest weekly performance since Trump's victory in the presidential election.

The largest and oldest cryptocurrency traded around $95,000 during the afternoon hours in the United States, up 1.8% over the past 24 hours. It was closely followed by Ethereum (ETH), which rose 2% to surpass $1,800. SUI, Bitcoin Cash (BCH), and Hedera’s HBAR led the gains in the CoinDesk 20 benchmark index for broad cryptocurrencies.

Today's gains crown an exceptional momentum for the cryptocurrency markets recovering from their lows in early April amid tariff disruptions. Bitcoin has risen more than 11% since Monday, putting it on track for its largest weekly gain since November 2024, when Donald Trump won the U.S. presidency, triggering a widespread rally in the cryptocurrency market.

Investor appetite from ETF investors has also rebounded strongly: U.S.-listed spot Bitcoin ETFs recorded net inflows of $2.68 billion this week so far, the largest since December, according to SoSoValue data.