These Are This Week’s Top Performers as Bitcoin (BTC) Price Maintains $69K (Weekend Watch)

Bitcoin, along with the rest of the market, had a very beneficial week driven by the hype and actual approval of Ethereum ETFs in the US.

The weekly gauge shows that UNI, PEPE, LDO, and ETH are among the leaders in terms of gains from the largest altcoins.

BTC weekly rise

It was last Sunday when the underlying cryptocurrency struggled to stay above $66,000 and fell below that level on a few occasions. Monday started on a similar note, but its ending was nothing short of amazing.

Amid reports that the US Securities and Exchange Commission may approve eight spot funds for Ethereum this week, Bitcoin rose more than $5,000 and approached $72,000 for the first time in six weeks. However, the asset failed to sustain itself and started losing value in the following days.

The worst price decline came just hours before the US Securities Commission gave the green light to these financial products on Thursday and Bitcoin fell to $66,400. However, it rebounded and rose to $69,000 by Friday.

The weekend passed quite calmly, but Bitcoin managed to defend the $69,000 level. Its market capitalization is approximately $1.370 trillion, while its dominance in altcoins is 50.3%.

Baby week

Somewhat predictably, the above news affected the native Ethereum token a lot. ETH started to rally and rose from $3,100 to over $3,900, its highest price since the beginning of April. The second-largest cryptocurrency has also had a rollercoaster ride amid SEC approval, but now stands near $3,800 after rising 22% in the past week.

DOGE, LINK and APT also jumped impressively on a weekly scale, but Uniswap and PEPE top the charts. UNI is up 44% and stands above $11, while PEPE hit all-time highs this week.

In contrast, SOL, TRX, TON, and ADA are in the red on a weekly scale. However, the total cryptocurrency market cap has gained over $200 billion during this time frame and is now over $2.7 trillion.