The crypto market experienced a significant surge last week, with its capitalization increasing by nearly $200 billion and currently standing at $1.7 trillion. Bitcoin's price rose by 14.3% and is trading around $44K. The introduction of the BRC-20 token standard in March has created an entire ecosystem around Bitcoin, with cryptocurrencies like ORDI also experiencing a 140% increase in value. Meme coins such as DOGE, SHIB, and BONK have also seen substantial growth. Despite the heated market, many industry experts believe the ongoing rally still has steam before a potential pull-back. The next week will be crucial in determining the market's direction.