The current bearish movements in the cryptocurrency market have been a headache for crypto investors, especially for day traders. Nevertheless, we may be close to the end of it, as many different events could make the market emerge again.

Around 70% of cryptocurrencies increased their value significantly this week, obtaining gains that exceed 20% due to different factors.

One of them, and without a doubt the most important, was the inflation report in the United States, which showed the highest levels of inflation in the last 40 years, with a growth of 7%. However, several analysts expected similar or even higher levels, so these figures did not come as a surprise to investors and speculators. In other news, Guido Buehler, CEO of Swiss bank Seba, showed his sentiment on Bitcoin in an interview for CNBC, predicting that the price of the world’s most important digital asset will trade above $75,000 by the end of the present. year, thanks to the adoption that financial institutions and private entities begin to give to the asset. As if that were not enough, last Friday Elon Musk, CEO of Tesla and SpaceX, announced via Twitter that Tesla products could be purchased with Dogecoin as a payment method. This event catapulted the asset’s price about 20%, only to later face corrections that practically wiped out that gain. However, it is not the first time that one of the most influential people in the world of cryptocurrencies and the most important in the industry has shown enthusiasm for one of the most famous memecoins in the digital asset market, so we should be aware of these kinds of events. Among them, the space mission of SpaceX, Doge-1. At the end of the week we can see that two currencies took the attention of investors. First let’s talk about Cardano, one of the fastest growing projects in recent years which had been stuck in a bear market and in a consolidation stage. However, it seems that it is beginning to resurface, after this week it increased its value by more than 20%, to trade close to $1.5.

On the other hand, Fantom has managed to overcome the $3 barrier again, to later generate a new historical maximum. This has been cataloged as “the new Solana” by the speculating public, and it is a fairly solid project with a lot of projection within the world of blockchain networks.

Bitcoin is above $42,000, an area in which it appears to be showing quite a bit of indecision after bouncing off a strong resistance level coming off its all-time highs. There is no doubt that we are at a critical level for the short-term future of the asset. BTC/USDT 1D (TradingView Chart). Fantom is above $3.11, after pulling back after hitting all-time highs. FTM/USDT 1D (TradingView Chart). Cardano has managed to break above $1.50 again, breaching a very interesting zone that could catapult the price of the asset close to $1.80. ADA/USDT 1D (TradingView Chart). Although we have seen movements that seem to generate enthusiasm among investors, we must be aware of the economic factors that could shake the markets in the coming weeks, since we find ourselves in a somewhat uncertain scenario, in which a decision could bring much joy or great panic. However, long-term investors can rest easy. Without further ado, we wish you an amazing week.