XRP recorded the strongest gain among major cryptocurrencies on Tuesday, rising approximately 6%, followed by Solana, Dogecoin, and Ethereum. The broad rebound came after a period of price pressure and appears to be supported by increasing institutional activity.

Key Insights:

• XRP futures reached $1 billion in open interest on the CME exchange in record time.
• Solana (+8.5%) and Dogecoin (+4.6%) also posted strong gains.
• The CoinDesk 20 index rose 3.6%, while Bitcoin bounced back above $111,000.

Institutional Interest Rises Sharply
The futures markets in particular gave the recovery a boost. Open interest on the CME jumped to a record $30 billion, indicating that large players are becoming increasingly active in crypto.

Altcoins Benefit from the Rally

In addition to XRP, Solana and Dogecoin saw significant price increases. Analysts point to a shift of capital towards altcoins while Bitcoin faced temporary pressure. The broader market is thus following an upward trend.

Caution Remains Advisable

Despite the positive sentiment, investors are looking ahead to new macroeconomic data. In particular, the PCE inflation figures, due on Friday, could be decisive for interest rate expectations and therefore market direction.

Disclaimer: This is not financial advice. Always conduct your own research before making investment decisions.