Digital assets roared higher Friday, pushing most major currencies to multiweek highs.
After two losing days to begin the week, bitcoin, was more than 5% off its Tuesday low and at its highest level since March 26. Futures also ended in the green. The Cboe’s May contract settled 3.4% at $8,530 and the CME Group Inc. April contract was higher by 3% at $8,510.
Altcoins marched higher, Ripple’s XRP leading the way. It was up 11.1% to 88 cents.
Ether was up 4.5% at $593.23.
Bitcoin Cash, which has been on a tear this week, was back above $1000, up 41% this week. The rise in Bitcoin Cash comes ahead of the May 15 hard fork. Proponents hope the fork will increase transaction speed, which will lead to wider adoption.
Litecoin has added 4.4% to $152.60.