(Kitco News) – Cryptocurrency prices trended higher to end the week as Bitcoin (BTC) crested above $67,000 for the first time since April 23, sparking a market-wide rally that saw the total cryptocurrency market cap increase 3% to $2.42 trillion.
Equities finished the week mixed after the three major indices hit new highs in earlier sessions as Wall Street paused its voracious buying to reevaluate the odds of seeing a rate cut by September.
At the closing bell, the S&P and Dow finished in the green, up 0.12% and 0.34%, respectively, while the Nasdaq lost 0.07%. Both the S&P and Nasdaq have recorded their fourth consecutive winning week, a streak not seen since February. The Dow closed above 40,000 for the first time in history.
“Bitcoin surged past $66,000 early Friday, recovering from Thursday’s dip below $65,000,” said analysts at Secure Digital Markets. “The price started to retreat precisely at our resistance…
