Crypto majors post double-digit weekly gains as bitcoin tests $75,000 ahead of Fed decision
Why it matters: ETF inflows and derivatives dynamics are reigniting crypto risk‑asset appeal ahead of pivotal Fed guidance.
- Bitcoin briefly breached $75,000 but fell back to $74,400, a move CoinDesk attributes to large put‑position closures rather than genuine spot demand.
- Spot Bitcoin ETFs recorded $767 million in net inflows, per CF Benchmarks, marking a third straight week of inflows and reversing a prior outflow streak.
- Ether, XRP, Solana each posted 9‑13% weekly gains, delivering the broadest rally since the pre‑Iran‑war era and reviving the “digital gold” narrative as the gap with gold narrows.
- Federal Reserve meeting is expected to hold rates, but the upcoming dot‑plot and Powell’s comments could set risk‑asset tone for March.
Bitcoin’s brief flirtation with $75k sparked a week of double‑digit gains across the crypto market, driven more by derivatives rebalancing and fresh spot ETF inflows than by new buying, as investors brace for the Fed’s policy signals.
