Ether was looking to secure $2,800 as digital assets showed some signs of revival after a weekslong dry spell.

🔥 Bitcoin Prices Rise

• Bitcoin prices BTCUSD turned up early Thursday for no apparent reason other than pure buy-the-dip efforts from traders. The orange digital asset advanced to levels around $97,500 from a weekly low of $93,500 and plowed through several challenges at once.
• Tariff jitters, elevated inflation expectations and a hawkish Federal Reserve couldn’t keep the bulls at bay. Donald Trump’s looming tariff hikes earlier this week expanded to include autos, drugs and chips.

🚨 Jay Powell with the Warning

• Also, the Federal Reserve on Wednesday released its minutes from the January meeting. In the summary, Fed boss Jay Powell and co warn of rising inflation pressures and vow to keep interest rates where they are until the economy needs a rate cut or inflation drops closer to the Fed’s 2% target.
• In that context, the price of Bitcoin remained well-bid as traders scooped up the digital asset after a weekslong dry spell. But it wasn’t just Bitcoin. Other tokens got a pump, too.

💡 A Look Across the Board

• Ethereum ETHUSD rose toward $2,800 after previously floating near $2,600 per token. XRP (XRP/USD) is flexing a 10% weekly gain as hopes of a native exchange-traded fund buoy the coin. In the red for the week is Solana SOLUSD, down 10%, and Dogecoin (DOGE/USD) down 2%.
• The volatile crypto market has recently been struggling to put on a show as traders await fresh news from the White House administration, especially the working group tasked with hammering out pro-crypto regulations.