Market Recovery Boosts Cryptocurrencies

Following a day of declines, the cryptocurrency market experienced a significant surge on Friday, mirroring a broader recovery in stock markets. This resurgence came after investor concerns over a potential government shutdown and unpredictability in US President Donald Trump's tariff policies, despite positive economic indicators.

Bitcoin and Ethereum Lead the Charge

At 11:52 am ET, Bitcoin surged by 5.20%, reaching a price of $85,281. Ethereum also saw a substantial increase, rising by 3.83% to sell for $1,934 just a minute later. This marked a notable recovery for both cryptocurrencies, highlighting their resilience in the face of market volatility.