Bitcoin Breakouts the Slope and Sets Best Week in Three Months –

• Bitcoin price increased by around 7% in the last 7 days.
• Ethereum climbed by over 21% with a market cap of 193 $billion.

The king of cryptocurrency Bitcoin (BTC), surged beyond $20,000 and fueled the bullish in the crypto market. Following that, the global cryptocurrency market is in a gradual upward trend and has reclaimed the $1 trillion mark. According to CoinGecko, the market cap of all cryptocurrencies is $1.05 trillion, which climbed by around 3% in the last day. 

At the time of writing, Bitcoin traded at $$20,726.47 with an increase of over 2% over the previous 24 hours. And the 7% increase in Bitcoin since Sunday is the most considerable weekly price rise in the previous three months. Further, the largest altcoin Ethereum (ETH) increased by almost 21% in the previous week. 

Prominent Cryptos Showing Green Signal

The recent U.S government report revealed that the Federal Reserve’s preferred inflation indicator increased more slowly than expected last month, which led to a rise in Bitcoin on Friday. 

After recording a $69k price range in November 2021, Bitcoin fell to its lowest level of $17k in June of this year. However, currently, Bitcoin has been trading in a narrow range between $20k and to 23k. Also, BTC  gained about 8% in the last 14 days, 6% in the previous month, and holds a market share of 40% with a market cap of $396 billion.

In addition, Ethereum’s price jumps approximately 21% in just 7 days with a market share of 20%. Presently, ETH traded at $1,584.48, which increased by over 4% in the last 24 hours and 22% in the previous 14 days. 

Moreover, popular cryptocurrencies like Binance (BNB), Cardano (ADA), Solano (SOL), and Dogecoin (DOGE) performing exceptionally well. DOGE has surged more than 45% in the last two weeks.

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