Bitcoin Surges and Ethereum’s Pectra Hardfork Boosts Market
- Bitcoin surpassed $104,000 on May 8, 2025, after starting the week at $94,000.
- Strategy acquired 1,895 BTC for approximately $180 million in late April to early May.
- Ethereum’s Pectra hardfork launched on May 7, increasing its value from around $1,800 to over $2,492.
- New Hampshire signed legislation for local investment in cryptocurrencies and precious metals.
- Donald Trump’s cryptocurrency activities are under Senate investigation due to ethical concerns.
This week saw Bitcoin reach over $104,000 following strategic acquisitions by firms like Strategy. Ethereum’s value surged past $2,492 after the successful launch of its Pectra hardfork. Meanwhile, New Hampshire advanced crypto legislation as Donald Trump’s ventures faced Senate scrutiny.
Source (2.6)https://hodl.press/weekly-bitcoin-surges-us-crypto-reserves-pectra-hardfork/?rand=24434
