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.

The market recovered strongly from the Thanksgiving holiday pullback, led by a resurgent Bitcoin and Ethereum.

Bullish momentum was overturned on Thursday as Bitcoin retreated hard from within touching distance of its ATH. Other coins strengthened in parallel, before falling even harder in many cases, in a coordinated correction across the cryptocurrency complex

Last week, we commented that those currently involved in digital assets were beginning to feel a bull market taking shape. As structural demand continues to build, the positive moment of the last month shows few signs of abating, with continued (and increased) institutional adoption. Let’s take a look at some of those developments.