Financial Insights That Matter
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. (Read Investopedia’s live coverage of today’s trading 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 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.
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