The crypto pump extended over the weekend, and at the time of writing, BTC is now trading above $22,500, while ETH is now above $1,500.
Before we rile ourselves up into a whirlwind of exuberance, do note that for BTC, $21k was the price level at the start of last week when the market was sliding down in anticipation of the inflation data read, and the pump during the week merely retraced those losses. Ditto for ETH, which started and ended the week at the $1.2k level. The gains we’re seeing now are due to the run-up over the weekend, and we’ll see whether BTC and ETH can break through resistance and hold their levels at 22.5k and 1.5k, respectively.
Source: TradingView
Other tokens that also saw significant gains (+50%) over the week were LDO, MATIC, AAVE and ETC.
