The cryptocurrency market pushed higher again this week, with the total value of all digital assets climbing 2% to $3.22 trillion as XRP staged a double-digit rally that outshone the largest tokens and lifted sentiment across the sector.
XRP Leads a Broad Market Recovery
The latest leg of the crypto rebound saw gains spread across major and mid-cap tokens alike. Bitcoin nudged up roughly 1% to trade near $93,780, while Ethereum advanced 2% to about $3,240 and Solana added 3% to hover around $139.
XRP was the clear standout, jumping 12% to $2.37 and drawing fresh attention from traders. Several smaller tokens posted even steeper climbs, underscoring a renewed appetite for risk across the market.
- Render and Sui both rallied around 18%
- Lit added roughly 15%
- The Crypto Fear & Greed Index moved back into neutral territory
XRP stole the spotlight this week, outpacing its larger rivals with a double-digit surge.
Wall Street Widens Its Crypto Bets
Established financial institutions signaled deeper conviction in digital assets. Bank of America rolled out formal crypto recommendations for its wealth management clients, permitting allocations of up to 4% — a meaningful step for one of the biggest U.S. lenders toward bringing crypto into mainstream portfolios.
Morgan Stanley filed with the Securities and Exchange Commission to launch a Solana Trust, joining a growing lineup of institutional products aimed at tokens beyond Bitcoin and Ethereum. Goldman Sachs added to the momentum, upgrading Coinbase to a "Buy" rating while lowering its view on rival platform eToro.
Institutional interest has moved well past Bitcoin, with banks now crafting products around a broader mix of digital assets.
Policy Tailwinds From Japan
Regulatory developments also fueled optimism. Japan's finance minister voiced support for integrating digital assets more closely into the nation's financial system, floating the prospect of lower taxes and reforms at the exchange level.
Such measures could ease the tax burden on Japanese traders and encourage broader adoption, adding a favorable policy backdrop to a market already benefiting from rising institutional participation and improving sentiment.