On February 11, 2025, Cardano's ADA price surged due to Grayscale's recent spot ETF application, while Bitcoin (BTC) remained stagnant ahead of Federal Reserve Chair Jerome Powell's testimony to Congress regarding monetary policy. Powell is expected to emphasize a data-dependent approach and suggest that the Fed is not in a hurry to cut interest rates, likely affecting BTC's market performance. Market data indicates that inflation expectations are rising, influenced also by President Trump's tariffs. There are some positive indicators: a weak Consumer Price Index (CPI) report could bring volatility to BTC's price. Additionally, a Japanese mobile-game studio plans to invest ¥1 billion in Bitcoin, mirroring Metaplanet's earlier success after its own BTC investments. Meanwhile, Ethereum's ecosystem continues to face revenue retention issues among layer-2 products, and Solana is noted for its dominance in decentralized exchange trading volumes. Upcoming events include Powell's testimony and CPI data releases, which may impact the market further.

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