Digital asset markets recorded modest 1% gains Wednesday,XRP price Prediction today pushing total capitalization above $3.1 trillion for the first time this weekly cycle.
Bitcoin's price surge past $97,000 coincided with key macroeconomic developments including FOMC policy decisions.
Staking-focused protocols including SUI Network and Alpaca Finance witnessed increased activity as investors seek yield alternatives.
SUI's trading volume eclipsed $1.7 billion, outperforming established assets like Dogecoin and Cardano.
Market data from Coingecko reveals the digital assets sector added approximately 1% to its valuation during Wednesday's trading session, marking the first weekly close above the $3.1 trillion threshold. This upward movement occurred against the backdrop of the Federal Reserve maintaining interest rates unchanged for the third consecutive meeting, though accompanying statements carried hawkish undertones.
Capital flows analysis indicates growing investor interest in staking protocols as traditional USD-denominated instruments continue offering limited returns. This trend appears particularly pronounced among assets providing innovative yield mechanisms.
Bitcoin Market Dynamics
Bitcoin's price trajectory saw it touch $97,500 during Wednesday's session, fueled by multiple macroeconomic factors. The Federal Reserve's decision to maintain current rates coincided with diplomatic developments between the US and China regarding potential tariff negotiations.
Exchange-traded fund flows demonstrated notable sensitivity to these macroeconomic signals. After experiencing outflows earlier in the week, US-listed Bitcoin ETFs recorded over $105 million in positive flows following the Fed's announcement.
Macroeconomic Context: Fed Maintains 4.25%-4.50% Rate Range
The Federal Open Market Committee elected to keep the benchmark rate within the 4.25%-4.50% band for the third consecutive meeting. While this decision aligned with market expectations, commentary from Chair Jerome Powell highlighted concerns about potential inflationary pressures stemming from trade policy developments.
Market participants are increasingly pricing in the possibility of rate adjustments later this quarter, which could potentially benefit risk assets including cryptocurrencies as capital seeks higher returns.
Alternative Cryptocurrency Markets Show Divergence
Secondary digital assets exhibited varied performance, with particular strength observed among protocols emphasizing staking mechanisms. SUI Network emerged as a standout performer, processing over $1.7 billion in daily volume - surpassing several top-ten assets by market capitalization.
Solana demonstrated resilience near the $150 price level while significantly outpacing XRP in trading activity. Meanwhile, Alpaca Finance registered among the day's top gainers with a 58% appreciation.
Ethereum's price showed modest weakness, declining 0.3% to $1,815.52 despite the successful implementation of its Pectra upgrade. This network enhancement introduced several technical improvements including enhanced wallet functionality and staking optimizations.
Other major assets including BNB and Cardano experienced mild retracements following recent upward movements, potentially signaling consolidation before further price discovery.
Industry Developments: Crypto.com Expands US Presence
In corporate news, Crypto.com announced plans to establish a Washington, D.C. office near the White House. This strategic move aims to facilitate engagement with policymakers as the company expands its North American operations.
The new facility will serve as a center for regulatory and government affairs activities, reflecting the growing importance of policy considerations for cryptocurrency businesses operating in the United States.