Cryptocurrencies are doing well and are distancing themselves from the tech giants! 💪

Historically, cryptocurrencies have often been linked to stocks in the Tech sector, and have followed the movements of the stock market more or less closely. But recently, it seems that they have found a necessary distance, against a backdrop of recession. Proof of this was provided this week, when Bitcoin briefly exceeded $35,000.

The cryptocurrency market is indeed resolutely in the green, driven by the hoped-for arrival of a spot Bitcoin ETF from BlackRock. Over the week, the BTC price thus displays +22%, and +32% over the month. The total capitalization of cryptocurrencies increased to $183 million over the week.

For their part, the major cryptocurrencies are showing almost unanimous progress: Ethereum's ETH is up +19% over the week, compared to +16% for Ripple's XRP. In the top 10, Solana (SOL) is the biggest winner, with an increase of +37% over the week. The lights are therefore resolutely green, and fuel welcome optimism after months of bear market.

Have a nice day to all traders 🫵

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