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

The post Crypto News Today (Jan 28th, 2025): Bitcoin Price Tops $103K | Altcoins Face Volatility Amid FOMC? appeared first on Coinpedia Fintech News

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

Altcoins Face Mixed Trends

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.

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