Bitcoin (BTC) experienced a significant 10% increase in value over the past week, climbing from $57,800 to $64,000. This rise has had a positive impact on the broader cryptocurrency market.
Many major altcoins benefited from Bitcoin's surge, most notably Avalanche (AVAX), which saw its price increase by over 30% in the last seven days.
The correlation between Bitcoin's performance and the movement of altcoins highlights the interconnected nature of the cryptocurrency market.
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