Most altcoins followed the same approach, with coins like SOL, AVAX, BCH, and LINK recording double-digit gains.
Bitcoin fell to just over $60,000 last Friday, but the bulls managed to defend the psychological support level over the weekend.
On Monday, the coin started to rise again, reaching just over $63,000.
Although it fell to $61,200 on Tuesday before the US Consumer Price Index for April was announced, it quickly rose once these numbers appeared.
The cryptocurrency rose several thousand to reach more than $66,500 for the first time since mid-April, and a slight rebound followed.
But the bulls kept pushing, taking the largest cryptocurrency to nearly $67,500.
Despite a slight decline since then, Bitcoin is still currently trading at around $67,000, with a market cap of $1.32 trillion and a 51.7% dominance over altcoins.
Given the stagnant price action in the past 24 hours, we will focus on the weekly performance where SOL and LINK took the lead.
SOL rose 17.5% to trade at a multi-week high of over $170, while LINK rose 22% to around $16.5.
The list of weekly gainers also included Avalanche, up 14%, Bitcoin Cash, up 13%, UNI, up 13%, IMX, up 10%, GRT, up 12%, NEAR, up 9%, and ICP, up 10%.
On the other hand, TON fell by more than 9% of its value over the past week, while BNB and TRX were also in the red zone, but by smaller percentages.
The total market value of cryptocurrencies reached $2.4 trillion, which means an increase of about $150 billion in a week.
Posted Using InLeo Alpha