#CryptoComeback

Ethereum Leads Cryptocurrency Surge Amid Optimism for Global Trade

According to PANews, Ethereum has led a significant recovery in the cryptocurrency market this week, driven by easing global trade tensions and optimism regarding updates on the network. On Friday, Ethereum, the second-largest digital token by market capitalization, rose 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 the cryptocurrency boom during the pandemic.

Bitcoin, the largest digital currency, also saw an increase, rising by 1.7% to $104,336. Valentin Fournier, senior research analyst at BRN, commented on the strong momentum, suggesting it may continue. He noted that new breakthroughs and political support could attract new buyers to the market.