Bitcoin Soars Above $77K, Ethereum Shows Signs of Continued Growth

Bitcoin is continuing its impressive run, trading above $77.5k and extending last week's 20% rally, which was its strongest weekly performance in over two years.

The cryptocurrency market's latest surge has been driven by a combination of factors, including improving liquidity expectations, reduced regulatory risk, increased institutional demand, and short covering.

However, the market is experiencing some correction on Monday, with investors taking profits after last week's rally. Bitcoin is edging lower, with immediate support at $77,000, while capped upside below $80,000 limits its potential for further gains.

Ethereum (ETH) has outperformed Bitcoin over the past two months and shows no signs of slowing down. A 'golden cross' has formed on the ETH/BTC ratio, indicating a short-term trend that may evolve into a full-blown bull run.