Bitcoin has climbed back above $77,500 as risk appetite returned to crypto markets, with XRP leading gains among major tokens and traders trimming their bets on a Federal Reserve rate hike.
Markets Turn Green Across the Board
Every major cryptocurrency posted gains over the past 24 hours, offering a reprieve after a bumpy stretch for digital assets. Bitcoin reclaimed the $77,500 level, signaling renewed confidence among buyers who had been sidelined during recent volatility.
XRP stood out as the strongest performer among the leading tokens, outpacing bitcoin and other large-cap assets in the latest session. The broad rally reflected an improvement in overall sentiment as macroeconomic signals shifted in favor of risk assets.
Every major token flashed green, but only a handful managed to hold their ground over the full week.
Fed Expectations Shift
Much of the renewed optimism traced back to changing expectations around monetary policy. Market-implied odds of a Federal Reserve rate hike slid to 62%, easing pressure on risk-sensitive assets like cryptocurrencies. Lower rate-hike expectations typically support appetite for speculative investments.
Despite the daily bounce, the weekly picture remained more mixed. Among the majors, only zcash and hyperliquid managed to hold onto gains over the seven-day window, underscoring how fragile the recovery still is.
- Bitcoin back above $77,500
- XRP the top-performing major token
- Fed rate-hike odds down to 62%
- Zcash and hyperliquid the only weekly gainers
What Traders Are Watching
The divergence between strong 24-hour performance and weaker weekly results suggests the market is still searching for firm footing. Traders will be watching whether the daily momentum can translate into sustained upside or whether it fades as quickly as it appeared.
For now, the combination of easing rate-hike expectations and a broad-based rally has given bulls something to build on, even as questions linger about how durable the move will prove to be.