The cryptocurrency market continues to show strong growth signals, with Bitcoin and Ethereum approaching historical highs. Dogecoin grabbed attention with a sudden price spike.
Price Growth of Bitcoin and Ethereum
This week, Bitcoin's price reached $116,800 before slightly correcting to $115,600. Analysts believe that $124,000 is not the cycle top, as institutional demand remains strong. Ethereum also approached its recent high, surpassing $4,700 for the first time in weeks.
Surge in the Altcoin Market
Dogecoin gained attention with a 40% weekly increase, supported by a sharp rise in trading volumes. Signals of an altseason became the strongest since December, indicating a growing dominance of altcoins over Bitcoin. Key gainers include Dogecoin, Avalanche, and Stellar.
Legal Developments and Gemini's Debut
Crypto exchange Gemini, founded by the Winklevoss twins, had a successful Nasdaq debut, raising $425 million. New notifications concerning legal matters have emerged, including Coinbase's appeal to the SEC regarding missing messages and Trump Media's reward program linking them to cryptocurrencies.
Amid rising cryptocurrency prices and positive trends in the altcoin market, investor attention remains on upcoming events and legal changes that could impact the market.
