Boosted by international agreements and global optimism
Bitcoin staged a remarkable rally this week, rising nearly 10% to stabilize at around $103,000 by the close of trading on Friday. This advance is attributed to renewed risk appetite in global markets, generated by the announcement of a U.S.-U.K. trade deal, and optimism over an upcoming key meeting with China. In the last seven days, the price of Bitcoin has risen between 5% and 10%, reinforcing the upward trend it has been showing.
Market capitalization and institutional confidence
Crypto market capitalization surpassed $2 trillion, driven by strong investor demand that continues to fuel the ecosystem's momentum. Trading volumes remain high, reflecting persistent interest from both institutional and retail players. Bitcoin, meanwhile, consolidates its position near the all-time highs reached earlier this year, evidence of growing confidence in its long-term projection.
Institutional leadership through BlackRock products.
BlackRock's Bitcoin-linked products, such as the iShares and IBIT ETFs, continue to lead institutional adoption, with inflows now exceeding $5 billion. This steady demand has been key to keeping Bitcoin above the critical $100,000 level, marking a new phase in its dominance within the market.
Ethereum moves forward with Pectra update
In parallel, Ethereum captured attention with the release of its long-awaited Pectra upgrade. This ambitious upgrade incorporates 11 major updates aimed at optimizing the user experience, simplifying the operation of validators and boosting scaling solutions at layer 2. Both Bitcoin and Ethereum show signs of strengthening, marking the beginning of a more innovative and resilient phase in the crypto sector.
A new era for digital assets
Overall, the digital asset ecosystem reflects a growing maturation. Bitcoin's rise above $100,000 and Ethereum's technological evolution strengthen long-term growth narratives. As institutional adoption accelerates and infrastructure continues to develop, both cryptocurrencies are shaping up to be key drivers of the next wave of digital innovation. Investors and developers are watching closely as the future of the sector is being built.