Woofun AI reports that Bitcoin stabilized around the $79,000 mark during Asian morning hours on Wednesday, reflecting a slight intraday decline as traders secured profits after a week that lifted the asset by 23%.

Altcoin performance diverged sharply from the broader trend, with XRP leading weekly gains at almost 45% despite falling over 4% to just above $1.44. Zcash recorded the strongest weekly gain of 55%, dropping almost 6% to just above $783 as a dedicated spot ETF launched in the US. Dogecoin slid almost 5% to just under 9 cents, while Solana fell over 3% to just under $97 and Tron dropped almost 3% to nearly 34 cents. BNB decreased almost 2% to just over $695, and ether slipped over 1% to just under $2,465, maintaining weekly gains of almost 16% and 29% respectively. Hyperliquid's HYPE emerged as the only major gainer, rising almost 3% to just over $81 and posting almost 40% on the week.

Woofun AI data shows that structurally, valuation metrics signaled heightened optimism, with CryptoQuant's Bull Score jumping from 30 to 80, its highest level since Oct. 6, 2025, when bitcoin traded near $124,000. Eight of the 10 indicators are now bullish, and apparent spot demand is growing at its fastest monthly pace since late December, according to a note shared with CoinDesk. Spot and futures demand are expanding together for the first time since early October 2025.

In traditional markets, MSCI's Asia Pacific index rose 1%, driven by Samsung Electronics and SK Hynix, which are heading for a fourth gain in five sessions as falling crude eased inflation worries. Nvidia snapped a seven-day losing run on Wall Street before reporting earnings later Wednesday, and U.S. equity futures erased earlier losses. Attention now turns to second-quarter GDP figures due Wednesday morning and July PCE inflation, ahead of Federal Reserve Chair Kevin Warsh delivering his first Jackson Hole keynote as chair on Friday.

Markets put the odds of the Fed holding rates at 3.50% to 3.75% in September at roughly 60%, indicating cautious expectations for monetary policy adjustments.