According to Nicolai Søndergaard, Nansen research analyst, BTC remains the dominant market leader, with its price rising to $108,600 amid institutional catalysts. JPMorgan filed a trademark for digital asset services, boosting crypto sentiment, while Purpose's upcoming spot XRP ETF in Canada drove XRP gains of 6-7%. Bitfinex analysts noted that BTC's rebound from $102,000-$103,000 support could signal recovery potential. Swissblock emphasized that Fed Chair Powell's tone, not the rate decision, will drive market volatility across risk assets.