Fed Cuts Rates, Bitcoin Steady, ZEC Rallies
Generally, This week was pretty significant for financial markets, especially cryptocurrencies, as the US Federal Reserve implemented its third interest rate cut of 2025. Normally, Bitcoin experiences notable price swings, and prior to this decision, it was no exception. Obviously, The cryptocurrency faced rejection at $94,000 multiple times this month and dropped below $88,000 last week after failing to hold above $90,000. Honestly, This decline was short-lived, and buyers quickly pushed Bitcoin back above $90,000. Eventually, On Tuesday, just before the much-anticipated FOMC meeting, they drove the price to a multi-week high of $94,500. Anyway, Bitcoin was rejected at this level, but it rose again after the Fed reduced rates by another 25 basis points on Wednesday. Normally, This attempt also saw limited success, and the price fell back to $89,500. Luckily, The bulls defended this level and managed to push Bitcoin back above $90,000, reaching over $92,000 at the time of writing. Probably, This leaves Bitcoin slightly up for the week, with a 1.1% increase. Meanwhile, HYPE saw a decline of over 7%, while Zcash (ZEC) continued its strong performance in Q4, surging more than 18% for the week to reach $460.
Weekly Crypto Market Overview
Usually, Market data shows a total market capitalization of $3.230 trillion with a 24-hour trading volume of $129 billion. Naturally, Bitcoin’s dominance stands at 57%. Currently, At the time of writing, Bitcoin is priced at $92,350, up 1.1% for the week. Apparently, Ethereum is trading at $3,240, up 3.6%, while XRP is at $2.04, down 1.3%. Obviously, These numbers are subject to change, but they give you an idea of the current market situation.
Market Snapshot
Generally, The market is constantly evolving, and investors need to stay informed. Normally, You can use market data to make informed decisions about your investments. Honestly, It’s essential to consider multiple factors before making any investment decisions.
Top Crypto Headlines This Week
Terra’s Founder Sentenced
Apparently, Do Kwon, founder of the collapsed Terra ecosystem, was sentenced to 15 years in a US court, more than three years after the incident. Usually, This kind of news has a significant impact on the cryptocurrency market. Obviously, Investors need to be aware of the potential risks and consequences of their investments.
YouTube and PayPal Partnership
Normally, YouTube has started allowing content creators to receive stablecoin payments through PayPal’s PYUSD. Honestly, This partnership is a significant step forward for the adoption of cryptocurrencies. Generally, It’s a good idea to stay informed about new developments and partnerships in the cryptocurrency market.
Satoshi Nakamoto Statue at NYSE
Usually, A statue honoring Bitcoin’s anonymous creator, Satoshi Nakamoto, was unveiled at the New York Stock Exchange by Twenty One Capital. Apparently, This symbolizes the convergence of traditional and emerging financial systems. Obviously, The cryptocurrency market is constantly evolving, and this kind of recognition is a significant milestone.
Coinbase Expands Solana Support
Generally, Coinbase has integrated DEX trading for Solana within its app, giving over 100 million users direct access to all tokens on the Solana network. Normally, This kind of integration is a significant step forward for the adoption of cryptocurrencies. Honestly, It’s essential to consider the potential benefits and risks of using different cryptocurrency platforms.
Major Bitcoin Purchase
Apparently, The largest corporate holder of Bitcoin made a substantial purchase, adding 10,624 bitcoins worth over $960 million to its holdings, bringing its total to 660,624 BTC. Usually, This kind of news has a significant impact on the cryptocurrency market. Obviously, Investors need to be aware of the potential risks and consequences of their investments.
HashKey IPO
Normally, HashKey Holdings Limited is moving towards becoming the first publicly listed cryptocurrency exchange in Hong Kong by filing for an IPO. Honestly, This kind of development is a significant step forward for the adoption of cryptocurrencies. Generally, It’s a good idea to stay informed about new developments and partnerships in the cryptocurrency market.
Outlook
Generally, This week’s developments highlight the dynamic nature of the cryptocurrency market. Normally, With the Federal Reserve’s rate cuts, Bitcoin’s resilience, and Zcash’s impressive rally, investors have much to consider. Honestly, Major news such as Do Kwon’s sentencing, YouTube’s stablecoin payments, and Coinbase’s Solana integration underscore the ongoing evolution and adoption of cryptocurrencies. Usually, It’s essential to stay informed and adapt to the changing market conditions to make informed investment decisions.
