Bitcoin held close to $79,000 during Wednesday’s Asian trading session as traders locked in profits after a powerful weekly rally. Most major cryptocurrencies declined over the past day, with Hyperliquid’s HYPE token emerging as the only notable exception.

BTC fell nearly 1% but remained up about 23% over seven days. XRP dropped more than 4% to slightly above $1.44, although it continued to post the strongest weekly performance among major tokens, with gains nearing 45%.

Zcash declined almost 6% to above $783, giving back some of its recent gains. ZEC nevertheless remained roughly 55% higher for the week, the largest seven-day advance among the major tokens. The privacy-focused asset has benefited from the launch of a dedicated U.S. spot ETF.

Dogecoin fell nearly 5% to below $0.09, while Solana declined more than 3% to under $97. Tron also slipped almost 3% to around $0.34.

BNB dropped close to 2% to just above $695, while ether lost more than 1% to below $2,465. Despite the daily weakness, BNB and ETH were still up approximately 16% and 29%, respectively, over the week.

HYPE gained nearly 3% to above $81, making it the only major token to trade in positive territory. The token was up close to 40% on the week.

Bullish Crypto Signals Strengthen

The broader market backdrop remained constructive despite the pullback. CryptoQuant’s Bull Score, which tracks 10 market and onchain indicators, jumped from 30 to 80 over the past week.

That represents its strongest reading since Oct. 6, 2025, when Bitcoin traded around $124,000. Eight of the 10 indicators included in the score are currently bullish.

CryptoQuant also said spot demand is expanding at its fastest monthly pace since late December. The firm noted that spot and futures demand are increasing simultaneously for the first time since early October 2025.

Traders Turn to U.S. Economic Data

Asian equities moved higher as cryptocurrencies pulled back. MSCI’s Asia Pacific index gained 1%, led by Samsung Electronics and SK Hynix, and was heading toward a fourth positive session in five. Declining oil prices also helped ease inflation concerns.

In the U.S., Nvidia broke a seven-session losing streak ahead of its earnings report scheduled for Wednesday. U.S. stock futures also erased earlier losses.

Market participants are now awaiting second-quarter GDP figures and July PCE inflation data. Attention will then turn to Federal Reserve Chair Kevin Warsh’s first Jackson Hole keynote on Friday.

Markets currently see roughly a 60% probability that the Federal Reserve will maintain its 3.50%-3.75% interest-rate range at the September meeting.