The crypto price on January 28, 2025 is witnessing significant movement ahead of the U.S. Federal Open Market Committee (FOMC) meeting. Bitcoin has made a nice jump to get back into $102,000 for intraday, and major altcoins and even meme coins rallied from their rough patch recently.
Current Market Sentiment
Impact of FOMC on Market:
According to the latest CME FedWatch tool data, there is a 97.3% chance that interest rates will remain steady in the upcoming FOMC meeting. Such a scenario, under President Donald Trump’s regime, may not help risk assets like cryptocurrencies even though the latter has Republican support.
Traders are being careful and have liquidated heavily in the last few days due to price volatility.
Recovery Indicators in the Market:
Despite these, the global crypto market cap is up by a small 0.5%, and total market volume jumped by 83% to $194.97 billion. This upward movement may be a sign of the recovery of investor confidence.
Crypto Price on January 28, 2025
1. Bitcoin (BTC):
- Current Price: $102,633
- 24-Hour Change: +1%
- Intraday Low/High: $97,795 / $102,868
- Market Dominance: 58.01%
Bitcoin price has bounced back from a recent decline ahead of the FOMC meeting. Analyst Ali Martinez forecasts that BTC might hit $211,000 in this cycle, which has set off hot debates among investors.
2. Ethereum (ETH):
- Current Price: $3,213
- 24-Hour Change: +1%
- Intraday Low/High: $3,024.09 / $3,234.95
Ethereum price is increasing nearly 1% as well, and Trump’s Liberty Financial bought more 3,247 ETH, which could result in positive future price actions.
3. XRP:
- Current Price: $3.09
- 24-Hour Change: +3%
- Intraday Low/High: $2.71 / $3.09
XRP has witnessed a tremendous surge in trading volume with +190% to $15.38 billion. According to analysts, large investors have bought over 120 million XRP during current falls.
Must read: XRP vs Bitcoin in 2025? A Clash of Titans in the Crypto World
Meme Coin Performance
Meme coins have largely mirrored the overall trend:
- DOGE: Up by 2%, trading at $0.3356.
- SHIB: Increased by 3% to $0.00001917.
- TRUMP Coin: Gained nearly 11% to $30.21.
However, the token Pudgy Penguins is failing to recover
Top Crypto Gainers and Losers
|
Top Gainers |
Price | 24-Hour Gains |
| Jupiter (JUP) | $1.18 |
+16% |
|
KuCoin Token (KCS) |
$14.46 | +13% |
| Hyperliquid (HYPE) | $23.55 |
+12% |
|
XDC Network (XDC) |
$0.1116 |
+10% |
|
Top Losers |
Price | 24-Hour Loss |
| Pudgy Penguins (PENGU) | $0.01852 |
-21% |
|
Onyxcoin (XCN) |
$0.03216 | -12% |
| AIOZ Network (AIOZ) | $0.7789 |
-5% |
|
Raydium (RAY) |
$6.74 |
-5% |
Market Analysis and Future Outlook
The cryptocurrency market is showing signs of recovery following a recent downturn attributed to competition from emerging AI technologies like DeepSeek, which have raised concerns about U.S. stocks’ stability.
Experts believe that in case the government takes action against such technologies based on privacy concerns, this will lead to a rebound both in U.S. stocks and in the broader crypto market.
Also read: Crypto Marketing Trends to Watch in 2025
Personal Analysis
The present volatility in the cryptocurrency price reflects a dynamic interaction between macroeconomic factors and investor sentiment triggered by regulatory development and technological progress in AI.
This anticipates a more cautious stance from the traders ahead of the FOMC meeting as they become more sensitive and aware of the dangers of interest rate change and the effect on risk assets such as cryptocurrencies.
As months move ahead, the investors must pay attention not only to the FOMC meeting results but also the advancements in technology for AI and the regulatory responses about it that might significantly change the dynamics of the market in the coming months.
(Source: Coingape)
