Bitcoin

Shares in Bitcoin treasury company Empery Digital rose on Friday after the firm disclosed it had sold nearly half its Bitcoin holdings to fund an AI data center project and pay down debt.

Bitcoin analysts are predicting a price surge to between $300,000 and $500,000 by the next halving cycle peak in 2029, but key data suggests these forecasts may be overly optimistic.

Bitcoin surged to nearly $64,000 on Friday, capping a volatile week that saw the largest cryptocurrency rebound 3.5% to erase losses tied to President Trump’s warnings on Iran.

Bitcoin and other major cryptocurrencies are experiencing a notable divergence in performance across different fiat trading pairs, with USD-denominated prices outperforming their yen-denominated counterparts.

Bitcoin and ether held steady above $62,000 and $1,730 respectively on Thursday, while gold extended its slide to a fourth day and oil climbed for a third consecutive session, as renewed U.S.-Iran tensions drove divergent market reactions.