Bitcoin registered two consecutive days of price increases for the first time in a while as it pumped from under $25,000 to just shy of $27,000 within this timeframe.

ETH’s performance is rather similar, as the second-largest crypto now sits at $1,750. Most other altcoins are in the green as well.

BTC Soars to Weekly High

The SEC’s lawsuits against Binance and Coinbase took their toll on the cryptocurrency market, with BTC slumping last week to $25,400, even though it wasn’t even mentioned in the filings. Despite its instant recovery attempts to $27,400, the landscape remained grim for the past week or so.

The US CPI numbers and the subsequent decision by the Fed to pause raising the interest rates didn’t affect the asset either, at least at first. However, it all changed just hours after the Fed’s decision as BTC dumped from over $26,000 to a three-month low of under $24,800.

The bulls finally stepped up at this point following positive news from the world’s largest asset manager – BlackRock, which filed for a Bitcoin Spot ETF in the States.