Bitcoin prices have surged on the back of strong US economic data.
The price of the cryptocurrency increased by more than 20% on Friday to $8,890.30, with the Dow Jones Industrial Average closing at a record 7,000.
The gains followed a rally earlier in the day when the price of a single bitcoin was up more than 80% to $1,400.
The value of the digital currency had been sliding, though, in recent days.
On Friday, US stocks opened at their highest level in nearly a week.
The S&P 500 index was up about 2.5% while the Nasdaq Composite index of the biggest companies gained about 1%.
Meanwhile, the Dow and Nasdaq indexes were both down slightly on Friday.
On the Nasco index, the benchmark index of U.S. technology companies, the Standard & Poor’s 500 Index dropped by 3.7%.
The Dow Jones industrial average fell 0.3% to 26,611.53 and the S&s 200 index of stocks dropped 0.2% to 2,634.07.
The S&ams index of consumer staples, which includes food, fell 0% to 5,096.59.
The Nasdaq composite lost 0.4% to 4,812.35.
In the tech sector, the Nascentrics data showed a decline of 6.5%, the biggest fall since mid-June.
The Dow’s decline was about 3.6%.
The S &.;P 500 Index was up 0.1% to 21,818.08 and the NasDAQ Composite Index was down 0.5%.
On the BATS Nasdaq platform, the S;P was down 2.7%, while the S &s was up 3.5.