Bitcoin and Ethereum ended the week mixed but resilient, as improving risk appetite, strong institutional inflows and easing geopolitical concerns supported the broader crypto market from May 4 to May 8.

Bitcoin briefly surged above the US$80,000 mark on May 4 for the first time in three months, driven by renewed investor optimism and robust inflows into spot Bitcoin exchange-traded funds (ETFs). The world’s largest cryptocurrency climbed as high as US$80,526 during the week before easing back amid profit-taking activity.

By May 8, Bitcoin hovered around US$79,700 to US$80,000 as traders turned cautious over renewed Middle East tensions, although analysts said institutional demand continued to underpin prices.

Ethereum also…