Over the past week, Bitcoin [BTC] challenged the $74k resistance but failed to break above it. Bears then forced an 8.9% retracement from the local highs within four days.

This short-term volatility triggered sharp moves across several medium-cap altcoins.

Weekly winners

OKB rallies beyond $100 after investment announcement

Source: OKB/USDT on TradingView

Intercontinental Exchange, the parent company of the New York Stock Exchange, acquired a minority stake in the OKX exchange. The deal saw the exchange receive a $25 billion valuation, although the exact investment figures were unknown.

This saw the OKB token prices rally from $77 to $120 within a day.

Additionally, the rally originated from around the $79 level, a key…