Bitcoin's High Price Bodes Well for Crypto, Boosts Demand for Ethereum -- Market Talk

Dow Jones

2025/05/09

1155 GMT - Bitcoin trading back above $100,000 is helping to solidify investor confidence, says LMAX Group's Joel Kruger in a note. It is inspiring additional demand for exposure to the broader asset class, the market strategist says, noting the resurgence in the price of Ethereum. Ethereum has rallied more than 30% already month-to-date. With that it has outperformed all other crypto and major traditional assets over this time horizon, Kruger says. Bitcoin rises 0.4% to $103,035, having hit a high of $104,324.39, LSEG data show. The price of Ethereum jumps 7.6% to $2347.87, having hit a three-month high of $2486.25. (emese.bartha@wsj.com)

(END) Dow Jones Newswires

May 09, 2025 07:55 ET (11:55 GMT)

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(emese.bartha@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 09, 2025 07:55 ET (11:55 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"09179","symbol_name":"嘉實以太幣-U","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2534837614","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2534837614","pubTimestamp":1746791700,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1155 GMT - Bitcoin trading back above $100,000 is helping to solidify investor confidence, says LMAX Group's Joel Kruger in a note. 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