Bitcoin Surges to Nearly $64,000 on Semiconductor Rally and Weaker Dollar

Bitcoin's price has surged to nearly $64,000 after a week of volatility that included an oil shock and U.S. strikes on Iran. The largest cryptocurrency rose 3.5% to nearly $64,000 on Friday, recovering from losses tied to President Trump's warnings on Iran.

The surge was driven by a rally in Asian semiconductor and AI-related stocks, as well as a weaker dollar. Analysts say leverage-driven liquidations were also a key factor in the price action.

Ether and dogecoin also rose, with ether up 2.6% to $1,760. Solana added 2.6%, but remains down for the week, making it the only major token not to have clawed back to green.