Thirty days ago, bitcoin was nearing its first losing month of 2023, but today the asset is hurtling toward its strongest performance since March. Ether is following suit, and still has yet to post a losing month for the year. The CoinDesk Indices Bitcoin Trend Indicator (BTI) now signals that bitcoin has entered a significant uptrend phase, following its 15% increase this week. The Ether Trend Indicator (ETI) is now also flashing an uptrend signal, a step above its prior neutral reading. Among the five CoinDesk Market Index (CMI) sectors, the currencies sector outperformed, as all 20 assets in the sector were positive.
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