Bitcoin Soars To A Month-High, Altcoins Follow Suit

According to CryptoPotato, Bitcoin experienced a positive trading week, gaining over six thousand dollars and reaching its highest price in nearly a month of over $67,000. Many altcoins, including SOL, AVAX, BCH, and LINK, also saw double-digit gains. Last Friday, Bitcoin had retraced to just over $60,000, but the bulls defended this psychological support level over the weekend. The asset began to climb on Monday, reaching just over $63,000. However, it failed to maintain this level and retraced to $61,200 on Tuesday, ahead of the US CPI announcement for April. After the announcement, the cryptocurrency gained several thousand dollars and soared to over $66,500 for the first time since mid-April. Despite a brief retracement, the bulls attacked again in the past few days, pushing the largest digital asset to nearly $67,500. Although it has slightly retraced since then, Bitcoin still trades around $67,000. Its market capitalization stands at $1.320 trillion, and its dominance over the altcoins is at 51.7% on CG. In the past 24 hours, the crypto space has seen relatively dull price movements. However, on a weekly scale, SOL and LINK have stood out. SOL has soared by 17.5% and trades at a multi-week high of over $170, while LINK has risen by 22% and is close to $16.5. Other top weekly gainers include Avalanche (14%), Bitcoin Cash (13%), UNI (13%), IMX (10%), GRT (12%), NEAR (9%), and ICP (10%). On the other hand, TON has seen the most significant decline among the larger-cap altcoins, losing over 9% of its value in the past seven days. BNB and TRX are also slightly in the red. The total crypto market cap has risen to $2.550 trillion on CG, indicating a gain of over $150 billion on a weekly scale.