Bitcoin and Ethereum prices increased by approximately three percent [1] since last Friday, according to market data from July 10, 2026.
This movement reflects a broader trend of volatility and recovery in the global cryptocurrency markets. The gains suggest that digital assets are reacting to macroeconomic shifts and specific sector rallies, potentially signaling a shift in investor sentiment.
Bitcoin prices approached the $65,000 level [2] as a range of factors contributed to the upward movement, Yahoo Finance said [2]. Market analysts said that the rally was supported by a combination of yen strength and a surge in chip stocks [3, 4]. These external economic drivers have pushed Bitcoin toward the $64,000 mark in recent trading sessions [4].
Ethereum also saw gains during this period, though its technical indicators present a more complex picture. While the price rose, Decrypt said that Ethereum "just printed a weekly death cross for the first time in years" [5]. A death cross is generally viewed as a bearish technical signal, occurring when a short-term moving average drops below a long-term moving average.
Recent data shows Ethereum trading at $1,794 [6]. This follows a period of fluctuation since August 24, 2026 [6]. Some reports indicate a more specific gain of 4.2% [4] for certain assets during the rally, highlighting the varying degrees of recovery across the crypto landscape.
The convergence of traditional finance indicators, such as currency strength and semiconductor stock performance, continues to influence the valuation of decentralized assets. Traders are monitoring whether these gains can be sustained or if the technical warnings, such as the death cross for Ethereum, will trigger a correction.
“Bitcoin and Ethereum prices increased by approximately three percent since last Friday.”
The correlation between cryptocurrency prices and traditional market drivers like chip stocks and foreign exchange rates indicates that Bitcoin and Ethereum are increasingly behaving as risk-on assets. While the price increase shows short-term bullish momentum, the appearance of a 'death cross' for Ethereum suggests a potential long-term bearish trend that may conflict with the immediate rally.
