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

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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