The cryptocurrency market has been on a roll! From June 10 to 13, it posted strong gains, with Bitcoin leading the way. The world's first cryptocurrency was supported by comments from Federal Reserve Chairman Jerome Powell. 

Last week, BTC successfully breached the $59,000 barrier, marking a daily gain of 3.3%. This surge boosted Bitcoin's market capitalization by 2.5% to an impressive $2.23 billion. However, its rally was short-lived. The leading digital asset later fell back to $58,500.

Meanwhile, Ethereum, the second-largest cryptocurrency, also gained upside momentum, surpassing the $3,100 mark. Despite a weekly decline of 7.6%, the year-to-date rally has been an impressive 67.64%, reflecting long-term investor interest in Ethereum. Following the market leaders, positive trends also spread to other altcoins, with many of them showing stunning performance.

According to analysts, the current rebound in the digital currency market coincided with a moderate rise in traditional stock markets. Major indices, notably the S&P 500 and Nasdaq 100, posted daily gains of 0.2%. This suggests a renewed appetite for risk and a potential correlation between digital assets and traditional financial instruments. Analysts attribute this bullish trend to macroeconomic signals, such as comments from the head of the US Federal Reserve.