Bitcoin Surges Above $21K, Ethereum, Dogecoin Rally Intact — Analyst Says This 'Could Awaken Some Dormant Long-Term Bulls'

Major coins traded green on Sunday buoyed by renewed investor confidence that the Federal Reserve is managing inflation successfully without pushing the economy into

recession.  Cryptocurrency Gains (% in 24 hours) Price (Recorded 8:32pm EST) Bitcoin +2% $21,118.80 Ethereum +2.7% $1,564.75 Dogecoin +2.4 $0.08 What Happened: Bitcoin

(CRYPTO: BTC), Ethereum (CRYPTO: ETH) and other major cryptos continue to surge in weekend trading, recorded at 8:32 p.m. EST. Top Gainers (24 hours) Gains Price Frax Share

+26.1% $8.45 Decentraland +20.2% $0.70 Celo +19.6% $0.74 Bitcoin has been on a remarkable run this year, trading at $21,118 - up a staggering 25% over the course of the year,

primarily due to its meteoric rise since last Tuesday, when it was just above the $17,400 mark.  Ether followed a similar pattern to Bitcoin this weekend, surging to a two-month

high of $1,550 before falling slightly. ETH was trading at $1,564, at the time of writing. Meme cryptocurrency Dogecoin (CRYPTO: DOGE) was trading at $0.08, struggling to

reach $0.10, up 2.38% in the last 24 hours. US Equity Markets will be closed on Monday in observance of Martin Luther King Jr. Day—a holiday honoring the late revered civil

rights activist. Before trading closed on Friday, major indexes advanced slightly. Technology-heavy indices such as the Nasdaq and S&P 500, which has a strong technology

component, recorded gains of over 5% and 4%, respectively.