Bitcoin tested $75,000 levels as major cryptocurrencies delivered strong weekly performance, with Ether jumping 13%, XRP surging 11%, and Solana gaining 9.7% over seven days. The rally was fueled by $767 million in ETF inflows and ceasefire speculation, marking the broadest crypto advance since before the war.
XRP broke through $1.50 resistance on a 125% volume spike, pushing its market cap to $93.4 billion and flipping BNB in market capitalization rankings. The token's surge comes despite trading 58% below its all-time high, with Binance futures open interest climbing 59% since October.
The crypto rally occurs ahead of the Federal Reserve's upcoming policy decision, with traders positioning for potential monetary policy shifts. Open interest across major tokens has been building back toward pre-crash levels, signaling renewed institutional and retail participation in crypto markets.
However, regulatory scrutiny continues to mount around crypto-adjacent sectors, with prediction markets facing criticism over potential insider trading incentives tied to geopolitical events, prompting regulatory responses from lawmakers in the US and abroad.