Ethereum led an uptick of crypto majors on Tuesday, as equity indices gained amid U.S. Federal Reserve Chair Jerome Powell's Congressional testimony.

The second largest digital asset by market cap's price increased by over 3% in the past 24 hours and was changing hands for $3,069 at 12:03 p.m. ET, according to The Block’s Price Page. Bitcoin posted a 2.5% increase, and major altcoins such as BNB and Solana increased 2.2% and 2%, respectively.

The GM 30 Index, representing a selection of the top 30 cryptocurrencies, increased by 2.59% to 118.05 in the same period. The global cryptocurrency market cap today stands at $2.22 trillion, an increase of 3% in the past 24 hours, according to Coingecko data.

Amid Powell's testimony before the U.S. Congress, equity markets posted gains. The …