Leading cryptocurrencies finally broke a six-week spell of poor price performance or inertia this week.

Market leader Bitcoin (BTC) added a modest 1.5% to its market value over the seven days to trade at $29,408 on Saturday. 

According to the latest weekly report by CoinShares, last week was a strong indicator that institutional investors have stopped shorting the leading currency for the first time in fourteen weeks. 

Meanwhile, Ethereum (ETH), the second-largest coin by market capitalization, appeared to match the top coin’s pace, adding 1.3% to enter the weekend at $1,851.

There were no significant price drops among the top thirty cryptocurrencies. However, three altcoins p

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Author: Tim Hakki

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