Bitcoin’s price increased by a little less than 1% in the past seven days. The week was, overall, positive for the industry as the total market capitalization approaches the $1.1 trillion cap.

The biggest news of the week is undoubtedly the US FOMC meeting that happened on Wednesday.

According to the official announcement, the central bank took the decision to maintain the target range for the federal fund rate at 5-1/4 to 5/12 percent. The statement also noted that job gains have slowed but also that they remain elevated altogether. The unemployment rate in the country is also reported as low, while the inflation remains above its target.

Bitcoin’s price didn’t react to the news and remained flat. All in all, it couldn’t initiate a leg-up, although it did try to poak above $27K on a few occasions. Every time the price increased above that level, though, bears were quick to intercept and push it back down.

Some altcoins saw action. Namely, this week’s top performer was Toncoin (TON). It’s up a whopping 17% in a market where the second-best performer is up 3.7%. This is Ripple’s XRP.