IMX, AVAX, HASH Outperform as Top Cryptos See Minimal Moves

Crypto Market Holds Steady as Traders Brace for Fed Rate Decision

Major cryptocurrencies were largely muted on Tuesday as markets awaited the Federal Reserve’s interest-rate decision, though select altcoins showed strength.

Solana’s SOL stood out with near-record open interest in CME-listed futures, underscoring elevated institutional activity. Privacy-focused Monero (XMR) advanced 6% in the past 24 hours, shaking off concerns from a recent blockchain reorganization that raised centralization questions. Immutable (IMX) surged nearly 13%, Avalanche (AVAX) added 6%, and HASH climbed 4%, rounding out the day’s notable gainers.

Analysts flagged mixed signals beneath the surface. BRN head of research Timothy Misir noted that the ETF MVRV ratio has risen to 2.29, supported by firm institutional liquidity. Yet, spot cumulative volume delta has weakened while momentum gauges enter overbought territory.

“This kind of divergence—momentum without broad market participation—creates the setup for sharp moves,” Misir said. “Depending on how the Fed outcome aligns with market hopes, we could see either a headline-driven pullback or a strong follow-through rally.”

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