Crypto Market Experiences Surprising Surge, Exceeding Forecasts

Cryptocurrencies are demonstrating unexpected strength, breaking records and exceeding market expectations as investors react to a confluence of factors. Leading the charge is Ethereum, which has surged past $4,500 while altcoins hold steady. However, concerns remain about weekend trading volumes, with dips expected unless significant surprises emerge. News surrounding China’s next weekend announcement may add volatility to the market despite ongoing focus on the US tax legislation.