Crypto Market Rallies as Bitcoin Gains 14% in a Week, Outperforming Dismal U.S. Equities
Bitcoin's bullish momentum has led to gains across all crypto sectors this week, with BTC gaining over 14% and consolidating at around $33,700. The CoinDesk Computing Sector (CPU) saw the strongest gains, driven by Chainlink (LINK) and Fetch.AI (FET) tokens. Even the previously lagging decentralized finance (DCF) and digitization (DTZ) sectors saw gains of over 7%. Notable best-performing cryptocurrencies include pepe (PEPE), LINK, and Injective Protocol's native token (INJ). The bullish week for crypto is particularly significant given the poor performance of U.S. equities, with the tech-heavy Nasdaq slumping while BTC and gold advance.
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