The global cryptocurrency market has had yet another eventful week with the volatility charting a bearish turn at the beginning of the week and leaving most coins with impressive gains at the end. As most cryptocurrencies are positively correlated with Bitcoin, the rise and fall in the price of the premier digital currency were reflected in other coins as well.
While the 22.57% weekly rate of gain of Bitcoin appears lower than the gains amassed by the other cryptocurrencies, its price gains are the most significant in that time frame. Bitcoin attained a new all-time high (ATH) this week, setting a new pace in its journey to mainstream adoption.
Other cryptocurrencies amongst the highly ranked assets also saw impressive showings this week. Binance Coin (BNB) attained a new ATH of $148.07 according to CoinMarketCap, BNB currently has a weekly growth of 105.10%. Decentralized finance token PancakeSwap (CAKE) recorded a 160.05% growth, leading the DeFi sector in terms of growth.