After a remarkable rally that took Bitcoin to its highest value in almost a month, surpassing US$67,500, the leading cryptocurrency by market capitalization now appears to consolidate around US$66,800. This week saw a notable advance in the price of Bitcoin, with an increase of more than six thousand dollars, reflecting a resumption of investor interest and optimism.

Earlier in the week, Bitcoin faced a brief pullback, falling back to just over $60,000. However, this level proved to be strong psychological support, as indicated by the buying actions that intensified over the weekend and early into the subsequent week.

The renewed momentum culminated in a spike that took the price past $63,000 on Monday. Despite a slight pullback to $61,200 on Tuesday, the release of US Consumer Price Index (CPI) data for April provided the necessary stimulus for a further jump, pushing Bitcoin to exceed $66,500 by first time since mid-April.

Although there was a brief pullback after the peak, Bitcoin’s resilience was evident as bulls pushed its price back up to nearly $67,700. Currently, Bitcoin operates at around US$66,700, with a sustained market capitalization of 1.32 trillion dollars and a 51.7% dominance over other cryptocurrencies.

In addition to Bitcoin, other cryptocurrencies such as SOL and LINK also showed notable performances. In particular, SOL registered a 17.5% increase in its value, trading at more than US$170, while LINK advanced 22%, reaching approximately US$16.5. Cryptocurrencies such as Avalanche, Bitcoin Cash and UNI also showed significant gains, reaching up to 14%. At the time of publication, the BONK meme cryptocurrency has stood out in the market, with an increase of more than 8% in the last 24 hours.

On the other hand, some cryptocurrencies, such as TON, have seen a decrease in their value, with a drop of more than 9% in the last week. This contrasts with the general upward trend that has brought the total cryptocurrency market value to approximately $2.55 trillion, an increase of over $150 billion on a weekly basis.