Weekly Crypto Market Overview
This week was significant for financial markets, particularly cryptocurrencies, as the US Federal Reserve implemented its third interest rate cut of 2025. Prior to this decision, Bitcoin experienced notable price swings. 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. However, this decline was short‑lived. Buyers quickly pushed Bitcoin back above $90,000, and on Tuesday, just before the much‑anticipated FOMC meeting, they drove the price to a multi‑week high of $94,500. Although Bitcoin was rejected at this level, it rose again after the Fed reduced rates by another 25 basis points on Wednesday. Yet, this attempt also saw limited success, and the price fell back to $89,500. The bulls defended this level and managed to push Bitcoin back above $90,000, reaching over $92,000 at the time of writing. 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.
Market Snapshot
Market data shows a total market capitalization of $3.230 trillion with a 24‑hour trading volume of $129 billion. Bitcoin’s dominance stands at 57%. At the time of writing, Bitcoin is priced at $92,350, up 1.1% for the week. Ethereum is trading at $3,240, up 3.6%, while XRP is at $2.04, down 1.3%.
Top Crypto Headlines This Week
Terra’s Founder Sentenced
Do Kwon, founder of the collapsed Terra ecosystem, was sentenced to 15 years in a US court, more than three years after the incident.
YouTube and PayPal Partnership
YouTube has started allowing content creators to receive stablecoin payments through PayPal’s PYUSD. PayPal will manage all crypto‑related operations.
Satoshi Nakamoto Statue at NYSE
A statue honoring Bitcoin’s anonymous creator, Satoshi Nakamoto, was unveiled at the New York Stock Exchange by Twenty One Capital, symbolizing the convergence of traditional and emerging financial systems.
Coinbase Expands Solana Support
Coinbase has integrated DEX trading for Solana within its app, giving over 100 million users direct access to all tokens on the Solana network.
Major Bitcoin Purchase
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.
HashKey IPO
HashKey Holdings Limited is moving towards becoming the first publicly listed cryptocurrency exchange in Hong Kong by filing for an IPO.
Outlook
This week’s developments highlight the dynamic nature of the cryptocurrency market. With the Federal Reserve’s rate cuts, Bitcoin’s resilience, and Zcash’s impressive rally, investors have much to consider. 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. As always, stay tuned for more updates in the ever‑changing world of crypto.
