This Week in Coins: Bitcoin and Ethereum Rebound, LUNA Moons

[Tamsialu$$]

The new British government sounds bullish on crypto, while discussions in Washington about regulation are intensifying.After dipping below $19,000 at the start of the week, Bitcoin then enjoyed a steady 7.3% recovery over the last seven days and trades for $21,236 at the time of writing, according to CoinMarketCap.

Ethereum, the second-largest cryptocurrency by market cap, rallied harder just days before the Ethereum merge event to proof of stake. It shot up 10.9% over the week and is currently worth $1,726.

Several so-called “Ethereum killers," aka layer-1 blockchains with high-functionality smart contracts, enjoyed notable rallies too: Cardano (ADA) blew up 9.4% to hit 51 cents, Solana (SOL) grew 11.4% and trades for $35, Avalanche (avax) rose 8% to $20.35, and NEAR Protocol surged 13% to $4.71.more