BTC, ETH Retrace, Tesla Sold No Bitcoin in Q1, New Memecoin (PEPE) Hype Soars: This Week’s Market Recap

Last week was significantly more eventful within and outside the cryptocurrency industry, with the CPI numbers showing declining inflation rates in the States, while Ethereum underwent its most notable upgrade since the Merge.

Consequently, the entire market reacted positively, with BTC spiking to $31,000 to chart a 10-month peak, while ETH skyrocketed to above $2,100 and painted its highest price point in 11 months. This week began with less volatility, but the landscape changed for the worse a few days ago.