Following a positive week in the stock market, Bitcoin's trading price reached a recent high, nearing $95,000. This surge reflects increased investor interest in risk assets amid clearer and potentially softer trade policies from the Trump administration. Expectations of a Federal Reserve rate cut this summer may also be contributing to this trend.
Despite its current price, Bitcoin remains below its 2025 peak of over $100,000 but has rebounded from its April low of around $76,000. This rise has encouraged Bitcoin enthusiasts, including ARK Invest, which reaffirmed its price target for Bitcoin to reach between $300,000 and $1.5 million by 2030.
Amid U.S. stock market fluctuations, several crypto-related stocks experienced gains. MicroStrategy (MSTR, Financial), a major Bitcoin buyer, saw its stock rise by over 4%. Meanwhile, shares of cryptocurrency exchange Coinbase Global (COIN) and miner Marathon Holdings (MARA) both increased by more than 2%.
Additionally, Cantor Equity Partners (CEP), a blank check company, announced plans to become a significant Bitcoin holder, boosting its stock by approximately 30% in trading.
This week, the crypto industry also benefited from federal guidance that eased regulatory burdens on banks offering crypto-related services.
