Crypto Market Today (Jan 29th, 2025): Bitcoin Price Drops to $102k as FOMC Meet Nears?

The post Crypto Market Today (Jan 29th, 2025): Bitcoin Price Drops to $102k as FOMC Meet Nears? appeared first on Coinpedia Fintech News

The cryptocurrency market has been experiencing heated pressure as investors await the outcome of today’s FOMC meeting. The industry’s market cap currently stands at $3.47 trillion, with a 1.53% decline over the past 24 hours. Meanwhile, the intraday trading volume has plunged by 41.07% to $112.94 billion, indicating a temporary slowdown in market activity.

Bitcoin Price Drops to $102k!

Bitcoin has shed 1.15% in the last 24 hours, changing hands at $102,134.33. However, it continues to dominate the business with a market capitalization of $2.08 trillion, tallying for 58.30% of the market. Despite the price dip, BTC Spot ETF inflows totaled $18.44 million on January 28, signaling continued institutional interest. However, with trading volume at $42.81 billion, market participants remain cautious ahead of the FOMC decision.

Check out where BTC price could head next in our Bitcoin (BTC) Price Prediction 2025, 2026-2030!

Ethereum & Solana Bear Losses Again?

Ethereum has taken a hit, dropping by 3.14% in 24 hours to $3,118.79. Solana follows suit with a 5.52% decline, now trading at $230.09. XRP has held relatively firm, slipping just 0.52% to $3.10. The broader altcoin market is witnessing increased volatility, reflecting investor hesitation as macroeconomic uncertainty looms.

Interested in Ethereum’s future? Read our Ethereum (ETH) Price Prediction 2025, 2026-2030 for potential price targets!

Top Gainers & Losers

While the market trend goes to the bears, a few tokens have managed to register gains. MOVE leads the pack, surging 14% to $0.8411, followed by WIF, which has climbed 6% to $1.25. 

On the other hand, FARTCOIN and PENGU have both plunged 20%, while XCN has declined by 11%.

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