Ethereum continued its surge, topping 50% in weekly gains as Bitcoin also experienced a rise, alongside significant performances from Solana and Dogecoin. This dramatic increase followed the successful Pectra network upgrade, which enhanced Ethereum's efficiency. As Ethereum briefly exceeded $2,700, overall market sentiment improved with the release of favorable inflation data from the U.S., showing a 0.2% rise in the consumer price index for April. Analysts noted that these developments rejuvenated investor interest in cryptocurrencies after a period of stagnation. Noteworthy is that other cryptocurrencies like Solana increased by over 5%, while Bitcoin slightly gained to trade above $104,200. The positive market reactions were further fueled by expectations of potential Federal Reserve interest rate cuts amidst indications of stabilizing inflation. The tech sector also mirrored this positive trend, with significant gains across major indexes.

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