A broad crypto upswing is gathering strength, with major tokens posting solid weekly gains as institutional inflows return and markets brace for a key Federal Reserve decision.

Ethereum is at the forefront of the rally, rising more than 13% over the past week to around $2,316. XRP has advanced करीब 11% to $1.53, while Solana has gained about 9.7% to $93.92. Dogecoin is up roughly 9.5%, moving back above $0.10, and BNB has climbed around 5% to $676. The breadth of the move marks the strongest market-wide rally since before the Iran war began.

Bitcoin briefly rallied to $75,912 early Tuesday before retreating to around $74,372. While the pullback highlights short-term volatility, the broader weekly trend remains constructive.

The earlier push above $75,000 was largely driven by derivatives dynamics rather than fresh spot demand. In particular, the unwinding of large $60,000 put positions forced market makers to buy bitcoin as they rebalanced exposure, creating upward pressure. However, the rejection below $74,400—a level that previously acted as support in April 2025—suggests traders are hesitant to chase gains without a clear catalyst.

Despite that, institutional flows continue to strengthen. Mark Pilipczuk noted that spot bitcoin ETFs saw approximately $767 million in net inflows last week, marking a third straight week of positive flows and a sharp turnaround from the more than $3 billion in outflows recorded earlier this year.

Bitcoin’s correlation with gold is also shifting. The SPDR Gold Shares has returned roughly 16% year-to-date through mid-March, while the iShares Bitcoin Trust had been down around 19% over the same period. That gap has narrowed significantly, with bitcoin outperforming gold by over 13% since early March. The 90-day correlation between the two assets has also turned positive, reviving the “digital gold” narrative.

Attention now turns to the Federal Reserve meeting, which concludes Wednesday. Markets are widely expecting policymakers to hold rates steady in the 3.5%–3.75% range, making the decision itself largely priced in.

The focus will instead be on commentary from Jerome Powell. With oil prices above $100 raising stagflation concerns and signs of labor market weakness emerging—including February’s job losses—the Fed faces competing pressures. How Powell communicates this balance could shape the direction of risk assets, including crypto, through the remainder of March.