Crypto Market Sees Wild Swings as Bitcoin Surges Past $80k and Altcoins Soar

This week saw significant gains in the crypto market, with several altcoins performing exceptionally well. Bitcoin led the charge, climbing over 20% to approach $80,000 as a wave of ETF inflows and improved liquidity fueled a risk-on mood.

Ethena's price soared more than 100%, topping the rankings with its performance. The token's technicals don't show any signs of entering overbought territory just yet, suggesting additional room for gains. According to TradingView data, ENA broke above the $0.15 level for the first time since Q1.

Pump.fun took second place after recording a 95% increase in its price. However, unlike Ethena, PUMP's RSI shows a tendency to reach overbought levels, indicating potential profit-taking by bears.