Ether jumps 18% to $2,250 as bitcoin tops $69,000 in broad crypto rally
Cryptocurrency markets experienced a broad rally as Bitcoin climbed toward $70,000 and Ether surged 18%, fueled by increased liquidity from U.S. Treasury bond buybacks. The market momentum was further bolstered by President Trump's public support for the Digital Asset Market Clarity Act during a White House event with industry leaders.
Why it matters
The convergence of government-led liquidity injections and high-level political advocacy for crypto regulation signals a potential shift toward institutional and legislative integration for digital assets.
Bitcoin traded just above $69,100, up almost 8% on the day and 9% on the week, after touching nearly $69,900 overnight. That is a swing of more than $5,700 from Wednesday's low near $64,100.
Hyperliquid's HYPE was the largest single gainer, up over 19% to just under $70 and 24% on the week. Solana rose over 10% to $84.50 and 12% over seven days. XRP climbed 10% to $1.09, recovering the dollar level it lost on Tuesday for the first time since 2024, and is now up almost 10% on the week. Dogecoin added almost 8% to just under 7.5 cents.
Two majors lagged. BNB rose 3.5% to $626 but holds a weekly gain of just over 2%. Tron was nearly flat at 33 cents and is the only major lower on the week.
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