bitcoin surges further up

The crypto markets have posted their second consecutive positive week following the Federal
Reserve s latest meeting, which left interest rates unchanged and maintained its forecast for
two rate cuts in 2025. Bitcoin surged to $87,470, its highest level since March 7th, as positive
sentiment rippled through the market.
The Federal Reserve s decision to reduce the pace of balance sheet shrinkage starting next
month, despite ongoing uncertainty surrounding tariffs, has contributed to this bullish
movement in crypto assets. Bitcoin's recent rally suggests that the market may have already
seen the bottom at $76,600 and could be on the cusp of a new upward trend.

Bitcoin;s performance is reflecting the optimism surrounding the Fed's stance and a broader
recovery in the market, said Simon Peters, crypto market analyst at eToro.If this momentum
continues, supported by upcoming inflation data, we may see further upward movement in
Bitcoin and other major crypto assets.
This week, attention will turn to the release of the US PCE Personal Consumption Expenditures
data, with expectations that it could provide an additional boost to Bitcoin and wider crypto
assets, particularly after earlier CPI data came in lower than forecast.
Market Movers
 XRP experienced a sharp price increase following the announcement by Ripple CEO Brad
Garlinghouse that the SEC's case against Ripple had officially concluded. The token
spiked 11% on the news, moving up by 26 cents.
 $ORCA, the native token of Solana-based decentralised exchange Orca, surged by 280%
after being listed on South Korea’s Upbit exchange. The price shot up from $1.50 to $6
in just a few hours before pulling back slightly.

Eric Trump Joins Metaplanet’s Advisory Board
In a strategic move to further accelerate Bitcoin adoption in Japan, Japanese company
Metaplanet has appointed Eric Trump to its newly formed Strategic Board of Advisors. This
announcement led to a 17% surge in Metaplanet’s share price, reinforcing the company's
position as a global leader in the Bitcoin economy. Metaplanet currently holds around 3,200
Bitcoin, valued at approximately $269 million.
Ripple CEO Predicts XRP ETF Approval by Year-End
In a conversation with Bloomberg, Ripple CEO Brad Garlinghouse expressed optimism
regarding the approval of a spot XRP ETF by the end of 2025. Following the resolution of
Ripple’s legal case with the SEC, Garlinghouse highlighted shifting attitudes within US financial
institutions towards crypto.