{"id":40242,"date":"2025-01-30T09:53:11","date_gmt":"2025-01-30T09:53:11","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=40242"},"modified":"2025-01-30T09:53:11","modified_gmt":"2025-01-30T09:53:11","slug":"btc-price-rises-above-105k-after-fed-decision-link-up-7-daily-market-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=40242","title":{"rendered":"BTC Price Rises Above $105K After Fed Decision, LINK Up 7% Daily (Market Watch)"},"content":{"rendered":"

Bitcoin\u2019s price experienced some expected volatility after yesterday\u2019s FOMC meeting but has headed north and now sits above $105,000.<\/p>\n

Most altcoins are in a similar position, with ETH increasing past $3,200 and SOL rising to $240.<\/p>\n

BTC Above $105K<\/h2>\n

The primary cryptocurrency had a quiet weekend in which its price stood mostly in a tight range between $104,000 and $105,000. The landscape changed on Monday, similar to the previous one when the bears took charge of the market and initiated a substantial leg down.<\/p>\n

Within hours during the morning Asian trading session, BTC plunged by several grand to a multi-week low of under $98,000. Nevertheless, the cryptocurrency didn\u2019t stay there for long and went back into six-digit territory by the end of the day.<\/p>\n

The next couple of days were a lot less eventful, aside from another brief decline toward $100,000. The market anticipated <\/a>the Fed\u2019s decision on Wednesday evening, and bitcoin stood still. Once the expected decision of no interest rate cuts was announced, BTC headed south<\/a> by over a grand from $103,000 to $101,500.<\/p>\n

However, it bounced off and has added roughly $4,000 since then to trade at $105,500 as of press time. Its market capitalization has neared $2.1 trillion on CG, while its dominance over the alts is well above 56%.<\/p>\n

<\/a>BTCUSD. Source: TradingView<\/p>\n

LINK Jumps 7%<\/h2>\n

Most alternative coins have followed BTC on the way up. Ethereum<\/a> defended the $3,000 level and now sits above $3,200 following a 3% daily increase. Similar price jumps are evident from SOL, ADA, and TRX.<\/p>\n

Chainlink has gained 6.5% on the day and now trades close to $25. Even more impressive gains come from the likes of SIU, LTC, HYPE, and ONDO.<\/p>\n

The cumulative market cap of all crypto assets had added more than $100 billion in a day. As a result, the metric sits above $3.710 trillion on CG.<\/p>\n

<\/a>Cryptocurrency Market Overview. Source: QuantifyCrypto<\/p>\n

The post BTC Price Rises Above $105K After Fed Decision, LINK Up 7% Daily (Market Watch)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s price experienced some expected volatility after yesterday\u2019s FOMC meeting but has headed north and now sits above $105,000. Most altcoins are in a similar position, with ETH increasing past $3,200 and SOL rising to $240. BTC Above $105K The primary cryptocurrency had a quiet weekend in which its price stood mostly in a tight […]<\/p>\n","protected":false},"author":0,"featured_media":40243,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-40242","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/40242"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40242"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/40242\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/40243"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}