Bitcoin stayed strong when the equity markets across the world crashed this week over coronavirus concerns.
Unlike the previous week, when the most popular cryptocurrency reflected the weakness in shares and bond yields, Bitcoin made gains in the past few days.
From $8500 last Friday, it has added $500 to its value.
Bitcon is trading at $9079 as of this writing, 7 percent up from the month's opening price.
Bitcoin's downward journey continued until the last day of February. It was for the first time since 2014 that it failed to make gains in that month. But the trend reversed after it entered the new month.
Ether also improved its strength in the past seven days.
From $234 last Friday, the second most popular cryptocurrency rose to $240, nearly 6 percent increase in its value.
Currently, Ether is trading at $237.
On Friday, Bitcoin has a market capitalization of $166.12 billion, and a 24-hour trade volume of $40 billion, according to CoinMarketCap.
Ether has a market of capitalization $26.12 billion, and a 24 hour trade volume of $19 billion.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.