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Bitcoin was trading at recent highs Friday morning after an upbeat week for stocks.
The leading cryptocurrency was recently changing hands near $95,000, reflecting a stretch in which investors have shown more appetite for risk assets amid signs of more clarity—and, perhaps, moderation—regarding Trump-administration trade policy. Hopes of a summer Fed rate cut may also be helping.
At current prices, bitcoin remains below 2025 highs above $100,000 but has climbed off April lows closer to $76,000.
Bitcoin's rise has energized some bitcoin bulls. ARK Invest, for example, this week reiterated its 2030 targets, established earlier this year, for the coin: It's looking for it to rise to a range from around $300,000 to about $1.5 million.
Some crypto-related stocks were also rising Friday as U.S. stocks wavered. Bitcoin buyer Strategy (MSTR), until recently known as MicroStrategy, was up more than 4%. Crypto exchange Coinbase Global (COIN) and miner Marathon Holdings (MARA) were ahead more than 2%.
And Cantor Equity Partners (CEP), a blank-check company that this week announced plans to become another big holder of bitcoin, extended its upward run, rising some 30% in Friday action.
The crypto industry also got a lift this week from federal guidance that eased the regulatory burden for banks with crypto offerings.
This article has been published in investopedia.com via Yahoo News.
