ADA and ETH Surge Ahead While Bitcoin’s Price Action Remains Muted

Bitcoin Breaks Correlation With Stocks as Ether, Cardano Lead Crypto Rally

Major altcoins surged on Tuesday alongside bitcoin, which climbed to over $93,500 as investors responded positively to signs of easing U.S.-China trade tensions. Cardano’s ADA and Ethereum’s ETH were standout performers, each jumping more than 14%, fueling broader market optimism.

The move came as former President Donald Trump signaled a potential reduction in tariffs on Chinese imports and assured markets that Federal Reserve Chair Jerome Powell would remain in his role. His comments helped spark a wave of buying across risk assets, though crypto appeared to be gaining traction on its own narrative.

Bitcoin rose 6.5% on the day, outpaced by several large-cap tokens including Solana (SOL), XRP, and Binance’s BNB, all of which posted gains near 8%. Meme coins also joined the rally, with DOGE and SHIB gaining over 11%. Sui (SUI) led among mid-cap tokens with an impressive 30% climb.

The total crypto market cap rose 4.4% to $3.03 trillion, while the CoinDesk 20 Index (CD20) advanced 5%, reflecting strength across the board.

Analysts highlighted bitcoin’s growing resilience and its potential decoupling from traditional equity markets.

“Bitcoin seems to be responding more to its own fundamentals and less to macro risk-off events,” said Augustine Fan of SignalPlus. “We’ve seen strong inflows into gold and BTC during Asian hours, likely driven by central bank diversification away from USD.”

LVRG Research’s Nick Ruck noted that BTC is now showing signs of behaving as a standalone asset class. “Its response to both bullish and bearish headlines has been consistent: up. That suggests a shift in how investors view bitcoin’s role.”

Jupiter Zheng of HashKey Capital added: “Bitcoin could be nearing a structural break from equity correlation. As gold hits new highs, BTC is being reevaluated as a digital counterpart — a secure, long-term store of value.”