Cryptocurrency and Equity Markets: Weekly Wrap-Up

Rising interest rates remain a concern globally as U.S. Treasury 10-year yields briefly nudged above 3.0% on Wednesday, a key level watched by many market participants, before ending the week at 2.96%. Meanwhile, inflation pressure remains with the U.S. Labor Department reporting that wages and salaries rose at their fastest pace in 11 years.

U.K's FTSE was the top performer, up 1.82%, for its fifth consecutive week of gains and highest weekly close since late-January.

Japan's Nikkei Index advanced by 1.38% to end at its highest weekly close in 12 weeks.

03 six weeks ago, the Sensex has been able to rally as much as 7.95% as of last week's high of 35,065.

It's come up 9.32% as of last week's 7,507.10 high.

Last week the FTSE topped its competitors with a 1.82% gain as it reached and exceeded the 61.8% Fibonacci retracement level and ended the week back above its long-term uptrend line for the first time in 12 weeks.

The high for the week and the uptrend was $0.964, for a 105.9% gain in less than five weeks.

Bitcoin CashBitcoin Cash shows similar relative strength in that it moved above its 200-day line last week and has recognized it as support since.

Leading the way, the BCH/USD pair had one of the strongest moves off the bottom, rising 162.3% as of last week's high of $1,573 in four weeks.

A move above last week's high and then the $1,636.