Technology

BTC & Altcoins Recover After FOMC, XCN Up 30% – Crypto News

Published

1 year ago

January 30, 2025

Dripp

The crypto prices today, January 30, have brewed significant optimism among investors despite unchanged interest rates in the latest U.S. FOMC meeting. Bitcoin (BTC) price recovered to trade near the $105K level, whereas top altcoins such as Ethereum (ETH), Solana (SOL), and XRP also pumped in sync. Besides, Onyxcoin (XCN) emerged as the leading gainer on Thursday, surging nearly 30% intraday.

So, let’s take a closer look at some of the most buzzworthy coins for the day and how their prices are moving.

Crypto Prices Today: Market Recovers Post-US FOMC

Notably, the U.S. Federal Reserve has decided to keep the interest rates unchanged between the 4.25% and 4.5% range this FOMC meeting. Fed chair Jerome Powell has further conveyed that banks can serve the crypto sector if risks are managed properly.

Simultaneously, risk assets such as crypto have witnessed a positive momentum. BTC price gained nearly 3%, whereas ETH and XRP prices jumped almost 1% intraday. The global crypto market cap was up by 2.5%, reaching $3.55 trillion. Also, the global market volume surged 9% to $125.99 billion. Here’s a brief report on cryptocurrency prices today:

Bitcoin Price Crosses $105K Amid Crypto Market Recovery

At the time of reporting, BTC price witnessed a 3% uptick in value and is currently trading at $105,176. The coin’s 24-hour low and high were $101,427.85 and $105,303.91, respectively. Notably, BTC price recovered after a drop despite the unchanged interest rates this FOMC, as mentioned above.

Further, crypto analyst Ali Martinez revealed that around 70 entities holding more than 1,000 BTC have either left the network or redistributed their holdings since mid-December, sparking speculations surrounding large-scale investors’ trade maneuvers amid recent market trends.

Ethereum Price Today

ETH price witnessed a 2% gain over the past day and is currently trading at $3,194. The coin’s intraday low and high were $3,055.18 and $3,213.13, respectively. The cryptocurrency mimics the broader market trend at the moment.

However, according to analyst Ali Martinez, Ethereum’s MVRV has dropped below the 160-day MA again. This signals that a potential 40% correction looms, mirroring historical trends.

Source: Ali Martinez, X

XRP Price Up 1%

Simultaneously, XRP price was up by 1% intraday and currently sits at $3.12. The coin’s 24-hour low and high were $2.98 and $3.13, respectively. XRP also mirrors the broader market trend while showcasing the potential for further gains. Rising star DeeSeep AI has predicted that XRP price could hit $30 shortly ahead.

SOL Price Today

Solana price witnessed a substantial 5% surge and is currently sitting at $241. The crypto’s intraday low and high were $222.92 and $240.89, respectively.

Meme Crypto Prices Today

Dogecoin price also witnessed a 1% uptick over the past day, reaching $0.3323 at the time of reporting. Further, Shiba Inu, TRUMP, and Pepe Coin soared 1%-6% in the past 24 hours. The meme coins sector gains alongside the broader cryptocurrency prices today.

Top Crypto Gainer Prices Today

Onyxcoin (XCM)

Price: $0.0354
24-Hour Gains: +30%

Hyperliquid (HYPE)

Price: $26.71
24-Hour Gains: +18%

Fartcoin (FARTCOIN)

Price: $0.9899
24-Hour Gains: +16%

Jito (JTO)

Price: $3.34
24-Hour Gains: +13%

Top Crypto Loser Prices Today

DeXe (DEXE)

Price: $16.71
24-Hour Loss: -12%

Pudgy Penguins (PENGU)

Price: $0.01535
24-Hour Loss:-6%

dogwifhat (WIF)

Price: $1.21
24-Hour Loss: -4%

Movement (MOVE)

Price: $0.815
24-Hour Loss: -3%

Moreover, amid the market recovery post-FOMC, crypto market expert Michaël van de Poppe has posted on X, sparking further optimism among investors over future movements. As per Michaël, if BTC price breaks $105,000, an ATH could be witnessed as soon as February.