Altcoins Rally Ahead of Fed Decision: BNB and XRP Lead
With less than 12 hours before the U.S. Federal Reserve announces its latest interest rate decision, several altcoins are outperforming the broader crypto market. BNB leads with a 2.5% gain in the past 24 hours, followed by Sui (+2.2%), Hyperliquid (+1%), and XRP (+0.7%), according to market data.
According to Lai Yuen, investment analyst at Fischer8 Capital, the altcoin rally is being fueled by project-specific momentum rather than macroeconomic speculation.
“Altcoins are riding on the coattails of coin-specific developments and not due to the U.S. Federal Reserve’s rate cut decision,” Yuen told Decrypt.
BNB and Hyperliquid, he notes, are supported by discussions around digital asset treasury flows, backed by strong fundamentals and clear value-accrual models.
XRP’s modest rise appears linked to the recent approval of a spot XRP ETF, which could launch within the week, Yuen added. The development has sparked optimism despite subdued performance across broader crypto markets.
Data from Velo shows Layer 1 tokens have consistently outperformed other sectors like meme coins, Layer 2s, and gaming tokens over both weekly and monthly timeframes.
While major crypto assets remain under pressure, institutions continue to accumulate. Last week, U.S.-based Bitcoin ETFs recorded $2.34 billion in inflows, pushing global holdings to new highs.
Meanwhile, crypto prime broker FalconX withdrew over 413,000 SOL tokens from centralized exchanges, which may suggest a strategic accumulation phase by larger players.
