#criptoactivos market situation prepared by Simon Peters, expert analyst in crypto assets at the eToro trading and investment platform, with an early look at what lies ahead this week for investors.
Market movements
The #Bitcoin $BTC surprised and delighted over the weekend by surpassing $41,000, continuing its recent hot streak.
The crypto asset surpassed its highest level in 19 months (since early April 2022) as investors continued to prepare for the possible launch of bitcoin #ETF .
Bitcoin started last week just above $37,100, but saw strong gains over the next seven days, for an overall rise of 10.5%.
The #Ethererum $ETH also posted a week of strong gains, up 9.2%. The crypto asset started the week just below $2,050 and is now trading on eToro around $2,231. On the other hand, on eToro, #BitcoinCash $BCH has seen a price rise of close to 9% this morning.
What to expect from the week?
Speculation on ETFs will continue to drive the behavior of the cryptoasset market this week, as investors are convinced of the transformative impact that opening the market to institutional investors will have on the ecosystem.
In terms of events that could affect market performance, this week is generally quiet. However, US employment figures are released on Friday, which have tended to roil markets lately due to their implications for interest rate levels.
