The New York digital asset market edged higher on the session as major coins rallied in tandem, signaling a limited recovery. Bitcoin rose 1.29% to $88,893, while Ethereum climbed 3.19% to reclaim the $3,007 level. The overall mood was more about a technical rebound and dip-buying than a clear trend reversal. Major-cap altcoins also trended higher.
Bitcoin and Ethereum were joined by gains across the top-cap cohort. Binance Coin advanced 2.50% to $895, and Solana traded around $126 after a 2.37% rise. XRP inched up 1.02% to $1.92.
Among meme coins and mid-cap tokens, Dogecoin rose 2.98% and Cardano gained about 2.73%, while Tron declined 0.73%. A standout among smaller names was HyperLiquid (HYPE), which surged 21.05% in 24 hours to reclaim the $29 level as near-term buying pressure intensified.
Whale buying defense is shaping the near-term support around key levels ahead of the FOMC. CoinGlass noted that Bitcoin orders from whales cluster in the $86,000–$87,000 range, while liquidity above $89,000 appeared skewed toward selling, signaling a liquidity-based box rather than a decisive breakout.
Uncertainty ahead of the FOMC meeting is weighing on investor sentiment. Ali Martinez of AliCharts warned that seven of last year’s eight FOMC meetings coincided with BTC declines, with an average drop near 9%. With rate-cut odds for the upcoming meeting still slim at about 2.8%, the market should brace for higher volatility rather than optimism.
Even in this flat phase, whale accumulation is being interpreted by mid- to long-term investors as a potential precursor to a bull market. Mark Chadwick, a digital assets influencer, said whales are currently accumulating at historically high levels, a pattern that has preceded large rallies in past cycles.
Experts expect the box range to persist in the near term, but a new directional move could emerge after the FOMC. James Alpha Asset Management Research Head noted that the liquidity band between $86,000 and $89,000 is trapping the market in the short term, reinforcing a strong base of support. Jaeyoon, CEO of Alpha Asset Management, said that put-heavy positioning reflects caution about downside risk, but call options appear relatively undervalued and could be a viable strategy on a technical rebound; after the FOMC results, rapid bounce buying may occur in oversold zones, requiring a flexible approach.
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