Crypto News Today (Jan 28th, 2025): Bitcoin Price Tops $103K | Altcoins Face Volatility Amid FOMC?
Shrishesh Tanksalkar28 Jan 20252 min read
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.
FAQs
- Bitcoin is trading at $103,318.10, reflecting a 3.20% gain in the last 24 hours.
