News 
April 8, 2025 
4 min. 
The cryptocurrency market is regaining momentum following a sharp sell-off on April 7, as investors shift focus to the Federal Reserve’s March FOMC minutes and the possibility of an emergency interest rate cut. The sell-off, triggered by escalating macroeconomic uncertainty, led to widespread losses across digital assets. However, signs of recovery are now emerging, with traders positioning for potential upside.
Speculation surrounding the Fed’s next move has fueled optimism, especially after JPMorgan Asset Management CIO Bob Michele warned that the central bank might be forced to cut rates before its next meeting on May 7. His remarks follow renewed political pressure, including comments from former President Donald Trump urging the Fed to lower rates and avoid “playing politics.”
This week’s market-moving catalysts include the FOMC minutes and fresh CPI inflation data due Thursday. While the Fed left interest rates unchanged in March, investors will scrutinize the minutes for any indication of a policy shift, particularly toward a more dovish stance.
Top 4 Cryptos to Watch Ahed of FOMC Minutes
With key economic data approaching, several cryptocurrencies are showing strength and may outperform in the coming days.
Here are four digital assets drawing investor interest:
Ripple (XRP)
XRP is up 3% in the past 24 hours, supported by increased institutional interest. Teucrium recently launched the first leveraged XRP ETF on the NYSE, and Ripple’s $1.25 billion acquisition of prime brokerage firm Hidden Road is expanding its ecosystem. On the technical side, XRP has bounced off key support, hinting at further upside.
Hedera (HBAR)
HBAR has gained 10% in the past day, testing the upper trendline of a falling wedge—a pattern often associated with bullish reversals. The token is also in the spotlight due to speculation around a potential spot HBAR ETF currently under SEC review. A breakout could push HBAR toward the $0.26 level.
Hyperliquid (HYPE)
HYPE is among the top gainers, jumping 10% to $11.75. Technical indicators show a strong V-shaped recovery on the 4-hour chart, supported by rising volume and a neutral RSI, suggesting room for additional gains. Key resistance now lies at $14 and $15.
Fartcoin (FARTCOIN)
The Solana-based meme coin continues to draw interest after a series of higher lows and a rising RSI. Currently testing resistance near $2, FARTCOIN remains on traders’ watchlists as momentum builds amid broader market uncertainty.
Conclusion
With critical economic data on the horizon and markets anticipating a potential Fed pivot, investor attention is squarely on high-momentum cryptocurrencies. Ripple, Hedera, Hyperliquid, and Fartcoin are all showing strong setups and could benefit from any shift in macroeconomic sentiment.
