While most major cryptocurrencies are trading slightly lower today, the broader weekly trend remains positive. Among the top 20 digital assets, nearly all have posted gains over the past seven days, with the exception of Bitcoin Cash, which is relatively unchanged or slightly down.
Bitcoin rose 3.7% over the week and is currently trading near $115,500. Ethereum recorded a stronger move, gaining 7.5% and climbing above $4,600. XRP increased by approximately 6% and has returned to the $3 level.
Several Coins Reach New Highs
BNB reached a new all-time high at $944 earlier this week and is now trading slightly below that level at $935. Solana also saw notable gains, climbing to $245 – a level last seen in January, when the token set its previous all-time high.
Dogecoin rose nearly 30% during the week, supported in part by the launch of the Osprey-Rex ETF. The fund uses a C-Corp structure, which allowed for a faster approval process, contributing to increased market attention.
Hyperliquid also advanced significantly, gaining close to 15% over the week. It set a new all-time high at $57 before pulling back slightly to around $54.
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MYX Finance Leads Weekly Gains
MYX Finance was the strongest performer of the week. Starting the month at approximately $1.20, it is now trading at $10.50. The token has gained over 1000% since early September. While the current price remains below its previous all-time high of over $19, it has retained the majority of its recent gains despite some volatility during the move.
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ETF Decisions Postponed Again
The U.S. Securities and Exchange Commission has once again delayed its decision on the proposed XRP ETF and several other crypto-related ETFs. New deadlines have been pushed to November. The delays follow a similar pattern seen in previous Bitcoin and Ethereum ETF applications, which were also postponed multiple times before receiving eventual approval.
Prediction markets such as Polymarket currently show more than 90% probability of approval for major altcoin ETFs – the highest readings so far. Other jurisdictions, including Brazil and Canada, have already approved altcoin ETFs, and U.S. investors now have access to non-spot crypto ETFs.
Read also: Brazil Launches First Spot XRP ETF – Will Others Follow?
Interest Rate Decision Expected September 17
The next key event for financial markets is the upcoming U.S. interest rate decision, scheduled for September 17. Market expectations are leaning toward a 0.25% rate cut, although there is still some uncertainty. A smaller group of investors anticipates a 0.5% cut, while others believe rates may remain unchanged.
Lower interest rates are generally considered supportive for risk assets, including cryptocurrencies. The outcome of the Federal Reserve meeting may influence short-term market sentiment and asset flows in the coming days.
