Bitcoin rose on Friday and expanded the gains for the seventh straight session, scaling eight-week highs and on track for the biggest weekly profit in 2025.
The gains come amid positive sentiment after major global corporations announced new bitcoin purchases, while risk appetite improved in most markets as the US-China trade tensions calmed down.
The Price
Bitcoin rose 1.1% at Bitstamp today to $95,011, the highest since March 2, with a session-low at $92,891.
On Thursday, bitcoin rose 0.3%, the sixth profit in a row, marking the longest such streak of gains since January.
Crypto Market Value
The market value of cryptocurrencies rose $40 billion today to $3.065 trillion.
Weekly Trades
Bitcoin is up 12% so far this week, on track for the third weekly profit in a row, and the largest since late 2025.
Institutional Investments
Both MicroStrategy and MetaPlanet continued to expand their bitcoin holdings, reflecting institutional confidence in the cryptocurrency despite recent volatility.
MicroStrategy’s chairman Micheal Saylor announced the purchase of 6556 bitcoins between April 14 and 20, spending $555.85 million, with the company now owning 538,200 bitcoins in total, averaging $67,828 per unit, and bringing the total value to $36.50 billion.
Similarly, Japan’s MetaPlanet purchased 330 units of bitcoin between April 14 and 21 at a value of $28.25 million, bringing their total holdings to 4855 units with a total value of $405.90 million.
Global Markets
The global financial markets were boosted recently as US President Donald Trump sought to reassure investors on Powell and China.
He said he doesn’t intend to sack Fed Chair Jerome Powell despite his disappointment at the slow pace of policy easing.
He also signalled plans to reduce the China tariffs as both sides are gearing towards a trade deal to end trade hostilities.
China as well is considering tariff exemptions for some US products according to reports.
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