
The cryptocurrency market remained relatively subdued on Tuesday, with Bitcoin and XRP consolidating within familiar price zones while Algorand emerged as a standout performer. Bitcoin failed to sustain a weekend push toward $79,000, retreating to the $78,400 region after touching an intraday high of $78,963. The leading digital asset found support around $78,080, limiting downside pressure despite the lack of follow-through on the breakout attempt. XRP traded near $1.39, virtually unchanged on the day, as it continued to test the $1.35 support level and the$1.45 resistance ceiling. Meanwhile, Algorand jumped roughly 9% to trade around $0.117, leading gains among major altcoins. Ethereum held above $2,300, with a narrow trading band between $2,298 and $2,334, reflecting general caution across the market. The global crypto market capitalization stood at $2.69 trillion, with Bitcoin dominance hovering near 58.5 percent, indicating that traders remain focused on Bitcoin’s next decisive move. The cautious sentiment followed the Federal Reserve’s decision to keep interest rates unchanged at the April 29 FOMC meeting, where officials maintained the 3.5% to 3.75% target range and offered no clear hints about future policy. Adding to the uncertainty, geopolitical tensions between the U.S. and Iran continued to influence risk appetite, as Tehran presented a revised peace proposal that Washington is currently evaluating. Market participants are now closely watching Bitcoin’s ability to break above the $79,000 resistance level, which could open the door to further upside, while a drop below the $78,000 support may signal renewed selling pressure. Altcoins remain highly dependent on Bitcoin’s direction, as most major tokens moved within narrow ranges during the session.