The significant move happened Sunday when Bitcoin finally breached past the $10,000 psychological resistance.
The price appreciation came after five days of price increase in Ethereum and other major altcoins. Ethereum rallied from $229 to $311 in seven days, influenced by developments in the decentralized finance (DeFi) space and the final testnet for Ethereum 2.0, scheduled on Aug. 4.
Several altcoins also had price rallies Saturday before the Bitcoin run. Cardano (ADA) surged from $0.12 to $0.14, an 18% increase. Litecoin (LTC) moved from $44 to $49 (12%), and Bitcoin Cash (BCH) move from $234 to $254 (7%).