The crypto price on January 27, 2025 underwent drastic volatility, with Bitcoin (BTC) and other popular altcoins suffered sharp drops. This decline followed an already unclear investor sentiment just ahead of the Federal Open Market Committee (FOMC) scheduled for 29 January.
Bitcoin price dropped to about $101,000 and ethereum (ETH), XRP and Solana price decreased by between 4% and 8%. Concurrently, U.S. stocks also faced pressure due to the rising prominence of Chinese AI company DeepSeek.
Market Sentiment
The broader crypto market reflected a notably uncertain investor sentiment as the FOMC meeting approached. The global crypto market cap dropped more than 3% intraday to $3.47 trillion current value. Despite this drop, total market volume surged by 21% from the previous day, reaching $106.54 billion.
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Crypto Price on January 27, 2025
1. Bitcoin (BTC)
- Current Price: $101,239
- 24-Hour Change: -3%
- Intraday Range: Low of $100,721.57 and high of $105,438.64
Bitcoin’s prices followed the rest of the market, but it gained 0.36% intraday market share. Analyst Ali Martinez continued the bullish view of BTC, forecasting a maximum price target of $122,000.
2. Ethereum (ETH)
- Current Price: $3,172
- 24-Hour Change: -5%
- Intraday Range: Low of $3,161.93 and high of $3,359.31
Ethereum followed the general market trend and reported nearly $30 million in liquidations today. Despite the pullback, weekly net inflows for Ethereum ETFs amounted to $139.32 million.
3. XRP
- Current Price: $2.99
- 24-Hour Change: -5%
- Intraday Range: Low of $2.95 and high of $3.14
The fall below the $3 mark of XRP caused anxieties in investors, resulting in approximately $5 million in liquidations on Monday.
4. Solana (SOL)
- Current Price: $233.18
- 24-Hour Change: -10%
- Intraday Range: Low of $233.23 and high of $259.63
Solana’s price followed the overall market trend with over $10 million in liquidations reported.
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Meme Cryptocurrency Prices
Meme cryptocurrencies also suffered losses:
- DOGE: Down 8%, trading at $0.327
- SHIB: Fell over 7%, now at $0.00001851
- PEPE: Dropped nearly 13% to $0.00001301
- TRUMP: Decreased nearly 13%, priced at $26.60
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Top Crypto Gainers and Losers
Top Gainers
- Onyxcoin (XCN): Price $0.03688; Gains +10%
- Jupiter (JUP): Price $0.9859; Gains +7%
- AIOZ Network (AIOZ): Price $0.8133; Gains +4%
Top Losers
- Fartcoin (FARTCOIN): Price $0.9807; Loss -28%
- Virtuals Protocol (VIRTUAL): Price $2.09; Loss -17%
- HyperLiquid (HYPE): Price $20.67; Loss -15%
Despite the volatility in the cryptocurrency market, analyst Ash Crypto asserted that “Altseason is finally coming, while Gabor Gurbacs from VanEck highlighted discussions around using AI investments to buy Bitcoin instead.
He wrote on X, “Now that everyone knows that AI doesn’t need that $500 Billion investment, the U.S. should just buy Bitcoin with it.”
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Personal Analysis
The landscape of the cryptocurrency market today represents a conflicting relationship between investor mood and outside economic influences (e.g., the approach of FOMC decisions, geopolitical events such as China’s advancements in the field of artificial intelligence (AI). The major cryptocurrencies experienced a significant drop that indicated a cautious approach by investors, waiting for clearer signals from regulatory bodies and macroeconomic indicators.
Moreover, while some analysts remain optimistic about future price targets for Bitcoin and potential altcoin rallies, the immediate volatility suggests that investors should exercise caution and closely monitor market developments leading up to key events like the FOMC meeting.
In summary, while there are opportunities for gains in specific altcoins and bullish projections for Bitcoin’s future price movements, the current environment calls for prudent investment strategies amidst uncertainty and market fluctuations.
(Source: Coingape)
