#ETHMarketWatch Crypto Reclaims January Peaks — Is This Just the Beginning?

The market for cryptocurrencies increased just 0.7% in 24 hours but a significant 5% in seven days to reach $3.5 trillion. This rise is significant as it relates to the areas of the market peaks attained in December and January.

Last seen in January, the mood index surged to 78, validating a similar scenario to what we seen last year.

On Thursday night, Bitcoin set repeated highs of $111.8k and then slightly down to $110.5k by Friday morning. The spike was ascribed to U.S. budgetary worries, stablecoin legislation's development, money flows into 12 U.S. ETFs of around $4.2 billion in May, Strategy's purchases of tokens totaling more than $50 billion, and so on. Unlike past BTCUSD rallies, the present upward advance is motivated by more demand and White House allegiance than by momentum.