Bitcoin Continues Its Rise as Trading Week Comes to a Close
Bitcoin hit recent highs on Friday morning following a positive week for stocks.
The price of the leading cryptocurrency was around $95,000, reflecting increased investor interest in risk assets and improved clarity on Trump-administration trade policies. Hopes of a summer Fed rate cut may also be contributing to the positive sentiment.
Despite trading below highs seen in 2025, bitcoin has climbed from April lows near $76,000.
Some bitcoin bulls are optimistic about the future price of the coin. ARK Invest, for example, has reiterated its 2030 price targets ranging from $300,000 to $1.5 million.
Crypto-related stocks, like MSTR, COIN, and MARA, were up on Friday amid wavering U.S. stock prices.
Blank-check company Cantor Equity Partners (CEP) announced plans to become a major bitcoin holder, leading to a 30% increase in its stock price on Friday.
The crypto industry received a boost this week from federal guidance easing regulations for banks offering crypto services.
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