Bitcoin’s rally along with the other crypto assets continues, reaching a value above $ 56,000, thus achieving a new high in the last 3 months. It has undoubtedly been a very positive week for cryptocurrency holders, with a lot of volatility and much optimism among investors.

One of the top performers is Fantom (FTM), which achieved a growth of around 65%, currently trading at $ 2.06. Let us remember that Fantom joins the competition for being the most effective network for the creation of decentralized applications, as well as the highly acclaimed NFT tokens. The reason why it has raised a great expectation among investors is the strength and fundamentals that the project has to compete with Ethereum, and is that in addition to being now the fifth largest network in the industry, it has a very powerful and effective transaction speed, executing thousands of transactions per second. Without a doubt, a great prospect in the market, so we will be monitoring it very closely. In other news, Shiba Inu managed to skyrocket more than 300% in less than 10 days, managing to break into the top 20 cryptocurrencies in terms of market capitalization, with a total of approximately $ 10 billion dollars.. This rally would have been caused by a tweet from the controversial businessman, genius and billionaire Elon Musk, in which he showed an image of his pet, which coincidentally turns out to be a Shiba Inu dog. Are we expecting Shiba Inu to crash again?  Will the price stay at these levels? Continuing with good news, the president of the United States Securities and Exchange Commission (SEC), Gary Gensler, clarified that there is no intention to prohibit the use of crypto assets in the North American country. This undoubtedly opens up a positive outlook for the regulatory future of cryptocurrencies, which is why we have a long way to go in which we could observe their implementation in the financial system in the future. Ethereum is barely below $ 3,600, so we could expect a rally to the previous high if it breaches a rather interesting support at $ 3,675. Fantom is having a very interesting behavior, since it consolidated a retracement to its previous maximum, so if we confirm a continuation of its uptrend, we could observe the cryptocurrency near $ 2.40, or even generating a new all-time high. There is a pretty positive outlook for the short-term future of crypto assets. However, remember to be aware of any adversity in regulatory matters, since we are in a market with high volatility and quite sensitive to the global economic environment. Without further ado, we wish you an excellent week.