Cryptocurrency Price Today (January 29): Bitcoin Dips Down To $102,000, Movement Becomes Biggest Gainer
Cryptocurrency price on January 29 quick take: The global market cap dipped to $3.48 trillion.
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Bitcoin (BTC), the world’s oldest and most valued crypto, dipped downt to the $102,000 range early Wednesday. Other popular altcoins — including the likes of Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — landed in the reds across the board as overall Market Fear & Greed Index stood at 50 (Neutral) out of 100, as per CoinMarketCap data. Movement (MOVE) became the biggest gainer of the lot, with a 24-hour jump of above 12 percent. Pudgy Penguins (PENGU) became the biggest loser for the second consecutive day, with a 24-hour loss of nearly 15 percent.
The global crypto market cap stood at $3.48 trillion at the time of writing, registering a 24-hour dip of 1.27 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $102,401.14, registering a 24-hour dip of 0.49 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 86.88 lakh.
Ethereum (ETH) Price Today
ETH price stood at $3,137.25 marking a 24-hour loss of 2.11 percent at the time of writing. Ethereum price in India stood at Rs 2.73 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour dip of 1.97 percent, as per CoinMarketCap data, currently priced at $0.3291. Dogecoin price in India stood at Rs 28.01.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour loss of 1.43 percent. At the time of writing, it was trading at $113.77. LTC price in India stood at Rs 9,826.81.
Ripple (XRP) Price Today
XRP price stood at $3.12, seeing a 24-hour gain of 0.42 percent. Ripple price in India stood at Rs 255.08.
Solana (SOL) Price Today
Solana price stood at $231.66, marking a 24-hour loss of 4.09 percent. SOL price in India stood at Rs 20,258.07.
Top Crypto Gainers Today (January 29)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Movement (MOVE)
Price: $0.8099
24-hour gain: 12.76 percent
dogwifhat (WIF)
Price: $1.30
24-hour gain: 10.50 percent
Ondo (ONDO)
Price: $1.40
24-hour gain: 4.66 percent
Uniswap (UNI)
Price: $11.73
24-hour gain: 4.14 percent
Bittensor (TAO)
Price: $465.45
24-hour gain: 3.69 percent
Top Crypto Losers Today (January 29)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Pudgy Penguins (PENGU)
Price: $0.01644
24-hour loss: 14.72 percent
Jupiter (JUP)
Price: $1.11
24-hour loss: 9.16 percent
Dexe (DEXE)
Price: $19.28
24-hour loss: 8.85 percent
Worldcoin (WLD)
Price: $1.74
24-hour loss: 8.77 percent
Artificial Superintelligence Alliance (FET)
Price: $1.01
24-hour loss: 8.65 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Alankar Saxena, co-founder and CPO, Mudrex told ABP Live, “Bitcoin is consolidating between $100,000 and $102,000 as markets await today’s FOMC meeting, the first monetary policy decision of 2025. While inflation has eased, it remains above target, making it likely that the Fed will keep its benchmark rate steady at 4.25%-4.50%. If the Fed chair takes a hawkish stance, Bitcoin could see some temporary volatility. Key levels to watch: resistance at $102,200 and support at $99,330.”
CoinSwitch Markets Desk noted, “Bitcoin is currently trading at $102K, down 0.7% in the past 24 hours. Markets remain on edge ahead of the FOMC decision, with the CME FedWatch tool pricing in a 99%+ probability of no rate cut. Given the heightened uncertainty, volatility is expected to remain elevated, and traders are advised to exercise caution. In regulatory developments, French prosecutors are investigating Binance over allegations of money laundering and fraud, adding to the ongoing scrutiny of the exchange. On the tokenization front, $150M in money market funds has been added to Arbitrum’s RWA ecosystem. With Spiko’s money market funds, tokenized T-Bills can now be traded on Arbitrum, further expanding on-chain access to real-world assets.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, “Bitcoin's consolidation above $100,000 is demonstrating the market confidence, but the immediate turn would be determined by upcoming FOMC meeting. With probability of keeping the interest rates at the current level, investor attention shifts to Fed Chair Jerome Powell's tone- a hawkish stance would spark bearish signs in the market, driving BTC lower than to $94,000, or even lower; a dovish tone would keep good bullish signals in the market intact, and may even see the pair break out past $110,000. Meanwhile, XRP is showing bullish momentum with $4 as its next target, a failure to sustain gains may bring some correction.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin showed a slight positivity during the early Tuesday hours, after a strong Monday hammer on a 50 -day EMA, a signaling potential for other profits. A break on Monday's maximum could focus on $ 110,000 and start another bull leg. Currently, Bitcoin Catalyst is waiting for the consolidation phase, especially in terms of American crypt policy. While the Trump administration was pro-krypto, no significant steps were taken. The attitude of the federal reserve system on Wednesday could stimulate the assembly, but the expectations are cautious. Investors accumulate on DIPS and are waiting for a clearer direction of American politics and economic development.”
Shivam Thakral, CEO of BuyUcoin, said, “Bitcoin has shown resilience, reclaiming the $102,000 mark after a brief dip, driven by a tech sector rebound and positive sentiment ahead of today's U.S. Federal Open Market Committee (FOMC) meeting. Investors anticipate that the Fed will maintain interest rates with no cuts expected, which typically influences impact assets like Bitcoin. Additionally, optimism surrounds the ongoing SEC vs. Ripple case, further bolstering market confidence. It is anticipated that if the Fed signals potential rate cuts in March, Bitcoin could see significant inflows as lower borrowing costs tend to enhance risk appetite among investors.”
CoinDCX Research Team noted, “The Bitcoin price sustained above $100K after withstanding significant bearish pressure that tried hard to drag the levels back below $100K. Besides, the popular altcoins, including Ethereum, XRP, Solana, etc., have been holding above their respective support. This suggests the markets are relatively stable and trying hard to validate a strong rebound. The dog/cat-based cryptos or the memecoins, are experiencing massive sell-offs, while AI-tokens are trying hard to keep up the bullish trend.”
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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.
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