Cryptocurrencies traded in an enormous range over the week, with a squeeze into record highs followed by a sharp reversal. A steady recovery soon followed, as the volatility calmed amid news of continued business development and investor adoption.

The digital asset market accelerated further on the bullish momentum of the previous two weeks, as Bitcoin and Ethereum both crossed significant milestones (including several new all-time highs for Bitcoin), and both retail and institutional interest continued to grow.

The digital asset market made a return to bullish momentum this week, as Bitcoin surged to several new all-time highs, Ethereum also advanced strongly, and more institutional investors announced positions in cryptocurrency.

Digital assets experienced some volatility this week, with new all-time highs being achieved at the weekend before traders took profit and briefly pushed the price of Bitcoin below $22,000. It then settled above $23,000, well above the historic $20,000 resistance level.

The cryptocurrency market underwent a strong recovery from last week’s correction, with Bitcoin leading the way and achieving a new all-time high above the historic $20,000 level.

After several months of consistent growth, the market contracted slightly this week, with Bitcoin unable to hold last week’s all time high.