🔥Market Weekly Recap: Bitcoin Gains Momentum as Ethereum Enters ETF-Based Rally

📈 Market Overview
The market has been off to a rocky start for weeks, but there's a silver lining with Bitcoin and Ethereum showing potential for a long-term rally.

💡 Bitcoin's $70K Milestone
Bitcoin's all-time high was $73,000 on March 14, but it dropped to $56,792 on May 1. After some recovery, it surged back to $70,000. Max Keiser predicts BTC could hit $220,000 due to supply and demand dynamics. The RSI and EMAs suggest a positive outlook, though active addresses and new address momentum show some market skepticism.

🚀 Ethereum ETF and $4,000 Target
Ether fell below $3,000 after Grayscale withdrew its Ethereum futures ETF filing. However, from May 20-23, ETH rebounded to $3,935, spurred by rumors of an Ethereum ETF approval. The EMAs and RSI indicate a strong bullish trend, with ETH likely to target $4,000.

🌐 Altcoin Surge
Following Bitcoin and Ethereum, top altcoins saw 8%-10% price increases. Cardano (ADA) grew by 5.68%, and Avalanche (AVAX) surged by almost 15%. Memecoins like Pepe (PEPE) and Dogecoin (DOGE) also saw significant gains. PEPE reached an ATH of $0.0000147, while DOGE hit $0.16-$0.17. Solana-based memecoins WIF and BONK also surged, despite SOL itself declining.

🔮 Summary
The market shows long-term bullish potential, with Bitcoin and Ethereum leading the way. Altcoins and memecoins are also gaining traction, indicating sustained investor optimism.