Crypto Market Awaits Fed Decision; Select Altcoins Outperform
Traders kept a cautious stance Tuesday as major cryptocurrencies moved sideways ahead of Wednesday’s Federal Reserve policy announcement, with volatility expected to rise following the rate decision.
Among the standouts, Solana’s SOL drew attention with near-record open interest in CME-listed futures, signaling strong institutional positioning. Privacy token Monero (XMR) gained 6% over the past 24 hours, shrugging off centralization concerns after a large blockchain reorganization. Immutable (IMX) jumped nearly 13%, Avalanche (AVAX) added 6%, and HASH advanced 4%, outperforming the broader market.
Market signals remain mixed. BRN head of research Timothy Misir highlighted that the ETF market-value-to-realized-value (MVRV) ratio has climbed to 2.29, supported by robust institutional bids. However, spot cumulative volume delta has weakened even as momentum indicators move into overbought territory.
“This type of mismatch—momentum without broad participation—is a classic setup for sharp moves,” Misir said. “Depending on how the Fed’s decision aligns with expectations, traders should be prepared for either a quick retracement or a strong continuation rally.”
