Bitcoin (BTC) continued its spring rise on Friday, heading for its strongest weekly performance since Trump's presidential election victory.
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 by 2% to surpass $1,800. SUI, Bitcoin Cash (BCH), and Hedera's HBAR led the gains in the CoinDesk 20 benchmark index for a broad range of cryptocurrencies.
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Today's gains crown an exceptional momentum for cryptocurrency markets recovering from their lows in early April amid tariff disruptions. Bitcoin has risen over 11% since Monday, marking its largest weekly gain since November 2024, when Donald Trump won the U.S. presidency, leading to a broad surge in the cryptocurrency market.
Investor appetite from ETF investors also rebounded strongly: Bitcoin spot ETFs listed in the United States recorded net inflows of $2.68 billion this week so far, the largest since December, according to SoSoValue data. (Data on Friday's inflows will be published later.)
Cryptocurrencies this week
Bitcoin is trading today at $94.2 thousand with sideways movement today but a weekly rise of more than 11.2%. Meanwhile, Ethereum has surpassed the $1,800 level and is now recording $1,811.63, up 13.56% last week with a sideways upward movement today +0.25%.
Meanwhile, Ripple is down 1.4% today at $2.18 with a weekly rise of 5.04%.