Ether Surges 12.4% as Bitcoin Falls Below $62,000

Crypto markets are off to a strong start this week, with Ether leading the way with a 12.4% weekly gain to approximately $1,777.

Binance reports that Bitcoin slipped back below $62,000 on Monday, falling below its key moving average of $62,660.

This comes as a stronger dollar weighed on Bitcoin's price, making it costlier for foreign buyers.

The altcoin season indicator reached a three-month high, confirming the weekly breadth is genuine rather than driven by thin markets.