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Bitcoin Tops $77,000, Enjoys Best Week Since 2024 — WSJ

By Exbasi Intelligence
Sourced from Dow Jones Newswires
Bitcoin Tops $77,000, Enjoys Best Week Since 2024 — WSJ
By Ed BallardBitcoin notched its best week in more than two years, lifted by a weakening dollar and crypto-friendly comments from President Trump. The cryptocurrency as of 4 p.m. ET was 6% higher at $77,006; earlier this morning it nearly got as high as $80,000 for the first time since May.The cryptocurrency's price rose 22% this week, its strongest weekly performance since March 2024.Trump ignited demand for bitcoin on Wednesday by urging Congress to pass legislation desired by the digital-currency industry. The cryptocurrency also tends to rise when fears mount about the U.S. fiscal situation, as they have this week. The WSJ Dollar Index, which tracks the greenback against a basket of currencies, is down about 0.7% for the week.This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

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