Driven by easing global trade tensions and optimism about network upgrades, Ethereum led cryptocurrency gains this week and is expected to achieve its biggest increase since 2021. On Friday, the second-largest digital token by market capitalization surged 14% to $2,490. This week's increase was close to 33%, the biggest weekly gain since 2021, when excessive speculation and low interest rates fueled the cryptocurrency boom in the pandemic era. Bitcoin, the largest digital currency, also rose 1.7% to $104,336. BRN chief research analyst Valentine Fournier said, “The momentum is strong and is likely to continue.” “New breakthroughs and policy support are likely to attract new buyers.”

Driven by easing global trade tensions and optimism about network upgrades, Ethereum led cryptocurrency gains this week and is expected to achieve its biggest increase since 2021. On Friday, the second-largest digital token by market capitalization surged 14% to $2,490. This week's increase was close to 33%, the biggest weekly gain since 2021, when excessive speculation and low interest rates fueled the cryptocurrency boom in the pandemic era. Bitcoin, the largest digital currency, also rose 1.7% to $104,336. BRN chief research analyst Valentine Fournier said, “The momentum is strong and is likely to continue.” “New breakthroughs and policy support are likely to attract new buyers.”