Cryptocurrencies are experiencing significant volatility amid geopolitical pressures... awaiting the Fed's statement..

A sense of uncertainty still looms over global markets, as cryptocurrencies are trading within a narrow range ahead of this week's U.S. Federal Reserve meeting. While stocks managed to regain some balance briefly on Monday, cryptocurrency markets maintained a defensive stance after a liquidation of $1.2 billion in futures contracts on Friday, which led to the elimination of highly leveraged long positions and caused a sharp decline in altcoins over the weekend.

XRP emerged as the standout cryptocurrency among major digital currencies during Tuesday's trading, rising by about 2% in the last 24 hours. Meanwhile, the price of Bitcoin rose above $108,000 during the U.S. session on Monday, before retreating to $106,500 today due to profit-taking, then it rose back above $107,000 during the morning hours in Asia on Tuesday.

Bitcoin exchange-traded funds (BTC ETFs) saw net inflows of $1.4 billion over the past week, reinforcing the role of these spot products as buffers against price shocks even during broader market declines.

Ether (ETH) rose by 1.5% in the last 24 hours to reach $2,609.