Crypto Market Snapshot: Select Tokens Jump, Majors Remain Range-Bound

Altcoins Outperform as Traders Brace for Fed Decision

Major cryptocurrencies traded with little momentum on Tuesday as markets shifted focus to the Federal Reserve’s upcoming policy decision, where volatility is expected to pick up.

Solana’s SOL was a notable outlier, drawing heavy attention with near-record open interest in CME-listed futures, signaling heightened institutional positioning. Meanwhile, privacy token Monero (XMR) advanced 6% in the last 24 hours despite concerns raised by a large blockchain reorganization. Other gainers included Immutable (IMX), up 13%, Avalanche (AVAX), up 6%, and HASH, which added 4%.

Market indicators suggest a fragile balance between optimism and caution. The ETF market-value-to-realized-value (MVRV) ratio climbed to 2.29, underscoring strong institutional demand, according to Timothy Misir, head of research at BRN. Still, spot cumulative volume delta weakened while momentum gauges edged into overbought territory.

“This divergence—strong momentum without broad participation—often sets the stage for either a sharp pullback or an aggressive breakout, depending on how the Fed outcome lines up with market expectations,” Misir noted.