The digital asset market made a return to bullish momentum this week, as Bitcoin surged to several new all-time highs, Ethereum also advanced strongly, and more institutional investors announced positions in cryptocurrency.

Digital assets experienced some volatility this week, with new all-time highs being achieved at the weekend before traders took profit and briefly pushed the price of Bitcoin below $22,000. It then settled above $23,000, well above the historic $20,000 resistance level.

The cryptocurrency market underwent a strong recovery from last week’s correction, with Bitcoin leading the way and achieving a new all-time high above the historic $20,000 level.

After several months of consistent growth, the market contracted slightly this week, with Bitcoin unable to hold last week’s all time high.

The market recovered strongly from the Thanksgiving holiday pullback, led by a resurgent Bitcoin and Ethereum.

Bullish momentum was overturned on Thursday as Bitcoin retreated hard from within touching distance of its ATH. Other coins strengthened in parallel, before falling even harder in many cases, in a coordinated correction across the cryptocurrency complex