Bitcoin is currently trading at $8,234.14, up 14.63 percent over the last week.

Bitcoin is currently trading at $8,234.14, up 14.63 percent over the last week.As is generally the case, the rest of the cryptocurrency market has followed Bitcoin’s lead. Ethereum (ETH) is up 20.93 percent over the same time span, while Ripple (XRP) is up 35.03 percent.Others, like Cardano (ADA), IOTA (MIOTA), and NEM (XEM) are up 43.90 percent, 51.33 percent, and 50.81 percent respectively.

The market has been so bullish, in fact, that 96 out of the top 100 cryptocurrencies have appreciated in value — causing some to wonder whether or not we’re in the beginnings of a new bull cycle.