Apr 28, 2025 (The Australian Financial Review - ABIX via COMTEX) --
The price of bitcoin rose by 12 per cent last week, compared with a 6.7 per cent gain for the Nasdaq. The cryptocurrency recorded its largest weekly rise since shortly after Donald Trump won the US presidential election in November. It subsequently peaked at around $US109,000 following his inauguration in late January, before falling sharply in response to the tariffs-induced trade war. Tony Sycamore from IG believes that bitcoin could test its record level again, adding that there is potential for it to rise to around $US125,000..
Publication Date: 29 April 2025
IG MARKETS LIMITED
NASDAQ COMPOSITE INDEX
COMTEX_465012276/2229/2025-04-28T17:43:10
By Alex Gluyas
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