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Ether leads crypto's hold above key levels as bitcoin steadies over $63,000

Ether led the crypto market higher, rising about 12.4% over the week to around $1,777, while bitcoin held above $63,000, up 5.5% on the week and near its highest level in more than a month. The article says crypto strength persisted even as the AI- and chip-stock rally lost momentum, suggesting a possible shift away from the recent rotation out of tokens and into technology shares. Traders view bitcoin’s ability to stay above $63,000 as an early sign of a more durable recovery, but the backdrop remains cautious because the dollar is strengthening and key U.S. inflation data is still ahead. Near-term direction appears to depend on whether crypto can maintain current levels as broader risk appetite and macro catalysts evolve.

Category

Ethereum

Sentiment

Bullish

Event

Market commentary

Reading time

1 min