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Leading cryptocurrencies rallied alongside stocks and precious metals on Tuesday as investors gear up for the Federal Reserve’s policy decision.
Institutional Buying Boosts ETH
Bitcoin lifted above $89,000, while Ethereum broke above $3,000 amid a broader market rally.
Shares of cryptocurrency-related companies, including Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR), closed up 0.62% and 5.50%, respectively
Nearly $300 million was liquidated from the market in the last 24 hours, according to Coinglass, with $230 million in levered short positions wiped out.
The uptick energized Bitcoin’s derivatives market, with open interest surging 3.12% over the last 24 hours. Despite the rise, “Fear” sentiment prevailed in the market, according to the Crypto Fear & Greed Index.
Top Gainers (24 Hours)
| Cryptocurrency (Market Cap>$100 M) | Gains +/- | Price (Recorded at 8:30 p.m. ET) |
| pippin (PIPPIN ) | +58.21% | $0.4844 |
| Concordium (CCD ) | +33.97% | $0.01596 |
| Kinetiq Staked HYPE (KHYPE ) | +26.49% | $32.42 |
The global cryptocurrency market capitalization climbed back above $3 trillion, up 1.33% over the past 24 hours.
S&P 500, Gold Hit New Highs
Stocks extended their gains on Tuesday. The S&P 500 lifted 0.41% to close at a record high of 6,978.60, while the tech-focused Nasdaq Composite rose 0.91% to close at 23,817.10.
The Dow Jones Industrial Average, however, slipped 408.99 points, or 0.83%, to end the session at 49,003.41.
Precious metals rebounded after Monday’s crash, with gold increasing 1.80% to hit a new all-time high of $5,174 an ounce. Spot silver rallied 7.50% to $113.91 an ounce.
Investors will turn their attention to the Fed’s first policy decision of the year on Wednesday. The CME FedWatch tool shows more than 97% odds that rates hold steady at 3.5%-3.75%.
What Ethereum’s Turnaround Against Bitcoin Means
In a statement to Benzinga, Arthur Azizov, founder and investor of B2 Ventures, stated that Bitcoin, “first and foremost,” is a risk asset that loses out to safer assets during times of “uncertainty.”
“At that point, my base case is consolidation. I expect BTC to hold the $85,000–$88,000 zone. This area already worked as strong support several times in Nov-Dec 2025, and I doubt it breaks easily this time,” the analyst projected.
Michael van de Poppe, a well-known cryptocurrency trader and analyst, highlighted Ethereum’s “quick” turnaround against Bitcoin on the ETH/BTC chart.
“That’s a strong signal, and I think that there’s more to come as it’s holding a crucial level of support,” Van De Poppe added.
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