BTC finally broke $60,000 to claim a new all-time high as the weekend brought in gains across the market.

BTC looked firm as the crypto finally broke $60,000. BTC continued to rally as it held the line for a new all-time high on Saturday. The bullish market sentiment was seen across the board as ETH also gained significantly at the beginning of the weekend. ETH finally broke $1,900 and looks set to challenge $2,000 once again.

The gain across the board offered little surprise as US citizens finally started to receive their stimulus checks. US citizens will start receiving their $1400 stimulus checks from Saturday following approval from President Joe Biden. The $1.9 trillion stimulus is the largest in history. The stimulus checks are likely to play a key role in the growth of cryptocurrencies as investors look to cash them in for cryptocurrencies in order to gain on their investment.

ETH Chases BTC

Following the bullish price action on BTC, ETH appeared to mimic it. ETH was up over 7% on Saturday. The cryptocurrency surpassed $1,900 on Saturday as it looked to test $2,000 once again. The altcoin is not far off from the previous all time high and with the upgrades coming to the project in 2021, it is highly likely that ETH sees a new all-time high before the end of the year.

Biggest Top 100 Gainer

In another impressive day for the market, altcoins enjoyed some respite as they also gained on the weekend. NFT project Decentraland (MANA) was the biggest gainer on Saturday.

The project saw an impressive 66.5% gain on Saturday. The project continues to chase down new all-time highs against BTC. Decentraland is the first fully decentralized world. The project sells blockchain real estate to grow the gaming industry. The massive surge in price saw MANA climb to $0.91.

Market Roundup: BTC Hits $60,000 as Bull Market Runs — Source: Coingecko

The weekend brought several surprises thus far. BTC breaking $60,000 could mean we see BTC extend that price surge, or we see BTC correct dramatically.

However, if BTC can hold at these levels, it is likely that other projects such as ETH and altcoins could see dramatic price increases. ETH will be the next major cap to chase down an all-time high. The question now is will BTC cool off and let it.