Crypto majors سجل strong double-digit weekly gains as Bitcoin tests the $75,000 level before the Fed call

A broad crypto rally is gaining traction, with major tokens posting double-digit weekly gains as institutional inflows strengthen and macro expectations shift ahead of a pivotal Federal Reserve decision.

Ethereum is leading the move, rising about 13% over the past week to around $2,316. XRP has climbed roughly 11% to $1.53, while Solana is up करीब 9.7% to $93.92. Dogecoin has gained about 9.5%, reclaiming the $0.10 mark, and BNB has added around 5% to $676. The advance represents the most widespread rally since before the Iran war began.

Bitcoin briefly surged to $75,912 early Tuesday before easing back to around $74,372. While intraday volatility has been pronounced, the broader weekly trend remains constructive.

The earlier breakout above $75,000 was largely driven by derivatives flows rather than fresh spot buying. In particular, the unwinding of large $60,000 put positions forced market makers to buy bitcoin as they rebalanced exposure, pushing prices higher. However, the subsequent rejection below $74,400—a level that previously acted as support in April 2025—signals that traders are reluctant to chase the rally without a clear fundamental trigger.

Even so, underlying institutional demand is strengthening. Mark Pilipczuk noted that spot bitcoin ETFs attracted roughly $767 million in net inflows last week, marking a third straight week of positive flows and a sharp reversal from the more than $3 billion in outflows recorded earlier in the year.

Bitcoin’s relationship with gold is also shifting. The SPDR Gold Shares has returned around 16% year-to-date through mid-March, while the iShares Bitcoin Trust had been down about 19% over the same period. That divergence has narrowed significantly, with bitcoin outperforming gold by over 13% since early March. The 90-day correlation between the two assets has also turned positive, reviving the “digital gold” narrative that had faded earlier this year.

Attention is now firmly on the Federal Reserve meeting, which concludes Wednesday. Markets are overwhelmingly expecting rates to remain unchanged, with pricing indicating more than a 95% probability of a hold in the 3.5%–3.75% range.

The real focus will be on guidance from Jerome Powell. With oil prices above $100 raising stagflation concerns and signs of labor market weakness emerging—including February’s job losses—the Fed faces a delicate balancing act. How Powell communicates this tension could shape the trajectory of risk assets, including crypto, through the rest of March.

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