Through instructions in their source codes, cryptocurrencies automatically adjust to the amount of mining power working to create new blockchain copies — copies become more difficult to create as mining power increases and easier to create as mining power decreases.
Wavelets are wavelike functions used to transform signals into a representation which has time and frequency domain components. Visually wavelets appear as wave-like oscillations with an amplitude that starts at zero, increases, then returns to zero. Another way to consider a wavelet is as a bandpass filter, which can be applied to a time series under investigation, letting through only components of the time series within a finite range of frequencies to different extents depending on the energy spectrum of the wavelet. Wavelets take the form:

As long as prices avoid closing below this barrier, odds favor a resumption of the uptrend toward a new all-time high at $4,574.
Shortly after achieving these astronomical new heights, Bitcoin’s price fell back toward $62,700 before recovering slightly to around $64,500, while most altcoins endured near double-digit losses.