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Crypto News Today (Jan 28th, 2025): Bitcoin Price Tops $103K | Altcoins Face Volatility Amid FOMC?

Published by
Shrishesh Tanksalkar

The crypto market today has experienced a notable surge, with the market cap increasing by 2.67% to $3.52 trillion. Trading volume soared by 72.41% in the last 24 hours, reaching $192.37 billion, signaling heightened market activity. The Fear & Greed Index remains steady at a neutral score of 53, reflecting balanced investor sentiment amid the FOMC meeting.

Bitcoin Price Peaks Above $103k

Bitcoin continues its impressive rally, gaining 3.20% in the past 24 hours to trade at $103,318.10. Its market cap now stands at $2.04 trillion, with trading volume zooming up by an astounding 102.51% to $79.29 billion. That being said, in the volatility BTC’s dominance holds at 57.92%, underscoring its stronghold in the cryptocurrency market.

Interested in BTC’s next big move? Read our Bitcoin (BTC) Price Prediction 2025, 2026-2030

Ethereum posted a substantial decline on its daily chart, falling 5.99% to $3,144.85. Solana and XRP also faced sharp corrections, falling by 10.29% and 6.07%, respectively. This highlights a challenging day for major altcoins as market volatility intensifies.

Curious about Ethereum’s future? Check out our Ethereum (ETH) Price Prediction 2025, 2026-2030

Top Gainers & Losers

Talking about top gainers, Jupiter led at the forefront, surging by 25.84% to $1.21, followed by GateToken (GT) with a 14.11% gain and TRUMP with a 13.19% price spike. However, the biggest losers included XCN, plummeting by 15.63%, and PENGU, which fell by 15.50%.

What Lies Ahead?

Marketers are closely monitoring the results of the Federal Open Market Committee meeting. Although no immediate policy changes are expected, the event could influence broader market trends.

FAQs

How much is Bitcoin trading for today?

Bitcoin is trading at $103,318.10, reflecting a 3.20% gain in the last 24 hours.

Which tokens gained the most in the past 24 hours?

Jupiter led the pack with a 25.84% surge, followed by GateToken and TRUMP with gains of 14.11% and 13.19%, respectively.

How has Ethereum (ETH) performed recently?

Ethereum has seen a decline of 5.99% in the past 24 hours, trading at $3,144.85.

Shrishesh Tanksalkar

Shrishesh is a versatile writer with 2+ years of experience in cryptocurrencies. An engineer turned storyteller, this selective introvert is a wannabe biker on weekends.

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