The past seven days saw the cryptocurrency market explode in terms of price action, and the total market capitalization is currently sitting at around $950 billion, up over $100 billion during this period. The market reacted favorably to the release of the CPI numbers, which were in line with expectations.

This came on the back of many cryptocurrencies, including Bitcoin, which increased by a whopping 14.3% during the past seven days. At the time of this writing, BTC is hovering above $19,000, having added over 5.5% throughout the past 24 hours alone. This is an impressive performance, and it shows.

Bitcoin’s dominance, which is commonly used to gauge its share relative to that of the rest of the market, sits at just shy of 39%, up significantly in the past seven days. This signals that BTC has managed to outperform the altcoin market over the period. Speaking of the latter, ETH also increased by about 13.6%, BNB added 12%, and so did DOGE. Cardano and Solana performed better, as they both charted gains upwards of 20%.

While we’re still on the subject of altcoins, it’s impossible not to mention Ethereum liquid staking protocols, such as Lido (LDO), Frax (FXS), Stafi (FIS), StakeWise (SWISE), and others. Most of these cryptocurrencies gained over 70% in the past week, as the long-anticipated Shanghai upgrade for Ethereum is slated to take place somewhere in March. It will allow stakers to withdraw their ETH from the Beacon Depositor Contract, and the…