What a week! It’s safe to say that being a bear throughout the past seven days must have been rough. The cryptocurrency market exploded above $1.2 trillion on the back of major gains from the majority of coins, including Bitcoin. There’s a lot to unpack, so let’s dive in.

First things first, Bitcoin’s price is up a whopping 18% in the past seven days, trading above $30K at the time of this writing. The week started on the right foot as the price was slowly chipping upwards last weekend. However, it wasn’t until June 20th – on Tuesday – that the bulls really took over. The price exploded above $28K, and by the time everyone knew what was going on, it shot above $29K as well.

After a few hours of calmness, on Wednesday – the following day – the price soared above $30K and even tapped $31K. The bulls needed some rest, though, and BTC is currently consolidating around $30K.

But that’s not even the craziest part.

PEPE – the meme coin that’s been doing rounds in the past couple of months – is up by a whopping 66% in the past seven days and continues to amaze. It’s become the 69th (yes) largest cryptocurrency by means of total market cap, and it’s perhaps safer to assume now that it’s here to stay.