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Bitcoin reached new highs on Friday morning, following a positive 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 that the Fed will cut rates in the summer may also be contributing.)
Bitcoin is currently trading at a price below the highs of 2025 above $100,000. However, it has recovered from its April lows and is now closer to $76,000. (Read Investopedia’s coverage of today’s trade here.
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 shares rose as well on Friday, despite the shaky U.S. stock market. Bitcoin buyer MSTR, formerly MicroStrategy (formerly MicroStrategy), was up more that 4%. Coinbase Global, a crypto-exchange, and Marathon Holdings, a miner (MARA), both of which were up more than 2%.
Cantor Equity Partners CEP, a blank check company that announced plans this week to become another major bitcoin holder, extended its upward move, rising about 30% in Friday’s action.
This week, the crypto industry received a boost from federal guidance that lowered the regulatory burden on banks with crypto offerings.
