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Crypto Markets Soar as Ethereum Upgrade and Trade Developments Boost Confidence

Ethereum's Pectra upgrade and a US-UK trade deal drive Bitcoin above $105,000, while institutional and state-level crypto adoption accelerates.

(Praswin Prakashan/Unsplash)
Bitcoin may see a short squeeze higher. (Pixabay, PhotoMosh)
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Overview

  • Ethereum's successful Pectra upgrade improved scalability, staking flexibility, and user experience, fueling a 30% price surge to over $2,400 this week.
  • Bitcoin reclaimed $100,000 and climbed to $105,000 following the announcement of a US-UK trade deal aimed at easing tariff tensions.
  • New Hampshire and Arizona became the first US states to establish state-managed Bitcoin and digital asset reserves, signaling increasing government engagement with crypto.
  • Coinbase finalized the largest crypto acquisition in history, purchasing Deribit for $2.9 billion, solidifying its position in the crypto derivatives market.
  • Broader crypto markets rallied, with major altcoins like Dogecoin and Solana posting double-digit weekly gains, reflecting renewed investor confidence and risk-on sentiment.