| The cryptocurrency market increased throughout the past seven days, tapping over $1.5 trillion in terms of total capitalization. A lot of the gains are coming on the back of Bitcoin, which tested $39K for the first time in quite a while. With many analysts firmly bullish, let's dive into what happened over the past week. Bitcoin's bullish foothold continues, with traders setting their sights at $40K. The cryptocurrency was able to increase by a modest 1.4% throughout the past seven days, with most of it coming in the last 24 hours. BTC's price soared toward $39K today (Friday) – a price that's not seen since last year. Bitcoin's dominance also increased by some 0.2% over the same period. This is the metric people use to gauge BTC's share relative to that of the rest of the market. When it's on the rise, it means that the primary cryptocurrency is outperforming the entire altcoin market. That's what seems to be happening in the last seven days. Speaking of the altcoin market, the results are somewhat mixed. |
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