Cryptocurrencies: Bitcoin Back Above $60K

Bitcoin bounced back above $60,000 this week. Ether rallied to its highest level in over a month this week. Bitcoin is down approximately 28% year-to-date, while Ether has fallen roughly 40% year-to-date.

Bitcoin was the world’s first decentralized digital currency. Since the first Bitcoin transaction occurred in early 2009, it has grown worldwide to a mainstream financial asset. While often volatile, as illustrated in the chart below, one can argue that Bitcoin is highly resilient, especially as product innovation expands the ways investors can manage Bitcoin’s volatility.

Bitcoin’s closing price rebounded this week, rising over 8% to move back above $60,000. However, BTC is currently down approximately 28% year-to-date and sits about 49% below its October 2025 record high.

Ether is the native cryptocurrency run on the Ethereum blockchain platform, which launched in July 2015. It has the second largest market share, despite being the newest of the three assets discussed in this article. Ether’s closing price also rallied this past week, climbing nearly 13% to its highest level in over a month. With that said, ETH is currently down approximately 40% year-to-date and is now roughly 63% below its record close from August 2025.