Key Facts
Bitcoin settled at US$64,056, rising 0.94% on the day as Federal Reserve hawkishness redirected flows into non-sovereign assets. Spot Bitcoin exchange-traded products in the US and Europe attracted net inflows over the past week, per market commentary.
Ethereum was largely stagnant at US$1,868, gaining just 0.55% amid low volumes, reflecting uncertainty over the timing of US spot ETF approvals. On-chain data showed a steady decline in ETH held on exchanges, which analysts read as long-term holders moving coins into self-custody.
Solana lost momentum, trading at US$73.72, while XRP dipped 0.13% to US$1.0732 as traders took profits on alternative layer-1 tokens. Regulatory scrutiny of staking reward programs in the United States dampened appetite for more experimental protocols.
Dollar-linked stablecoins USDT and USDC traded tightly around their one-dollar pegs, serving as de-facto digital dollars for inflation-hedging Argentines. Tether’s reserve reports show a heavy concentration in US Treasuries, reinforcing the peg but tying its stability directly to US interest rate policy.
