$BTC

Cryptocurrencies

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

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

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

Cryptocurrencies, Bitcoin/ AFP

Listen to the article

Cryptocurrencies continued to rise as the week came to a close, 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 surpasses $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 rose to $104,324.65, its highest level since January 31.

During the week, the price of Bitcoin increased by more than 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 division at Zabo Bank, which specializes in Bitcoin, said: "This rise above $100,000 should be seen as more than just euphoria, but as evidence of a flow-driven shift." $BTC