BTC, ETH, ADA price news: Majors post 11% weekly gains as bitcoin tests $75,000
Major cryptocurrencies saw double-digit weekly gains, with Bitcoin briefly surpassing $75,000, ahead of a key Federal Reserve decision.Summary
Cryptocurrencies experienced significant gains over the past week, with Bitcoin (BTC) briefly exceeding $75,000 before retracing slightly. Ether (ETH) jumped 13%, XRP surged 11%, and Solana (SOL) gained 9.7%, marking the broadest rally since before the Iran war. This rally is fueled by $767 million in ETF inflows and speculation about a ceasefire. While Bitcoin's surge above $75,000 was largely driven by derivatives activity, the overall trend indicates renewed interest in the “digital gold” narrative as the performance gap with gold narrows. The upcoming Federal Reserve meeting is a pivotal event, with the market closely watching for signals regarding future monetary policy, especially given conflicting economic indicators like rising oil prices and a weakening labor market.
(Source：CoinDesk)