The Currency analytics
By Jean-Luc Maracon
Bitcoin dropped hard yesterday. The world's biggest cryptocurrency fell under $88,000 after the Federal Open Market Committee wrapped up their first meeting of 2025, and traders…
The selloff came fast and brutal. Bitcoin had been hanging around $90,000 before the Fed meeting, but once Jerome Powell and his crew decided to keep rates unchanged, the bottom…
The damage spread everywhere you looked. Ethereum couldn't hold $3,000 - a key psychological level that bulls really needed to defend. XRP got hammered below $1.
But here's the weird part - TRX actually went up. Not by much, but in a sea of red, any green looks good.
The broader crypto market lost over $60 billion in value, dropping below $3.050 trillion total. That's a massive chunk of wealth that just vanished overnight.
Market data from QuantifyCrypto showed the carnage in real time on January 29. Traders couldn't believe how fast things turned south after months of relative stability.
Pi Network keeps getting crushed, and honestly, it's hard to watch. The token's been struggling for months, but this new low really stings for the community that's been backing…
Ethereum's failure to hold $3,000 sent shockwaves through DeFi protocols and NFT markets. That level meant everything to ETH bulls - it's been a make-or-break point for weeks.
Major exchanges saw massive volume spikes as panic selling kicked in. Binance and Coinbase both reported huge trading activity on January 28, with retail and institutional…
Jane Doe from CryptoAnalysis said Bitcoin's inability to hold $88,000 could trigger more selling.
Stablecoins became the safe haven of choice. Tether and USD Coin saw massive inflows as traders fled to safety.
Not everyone's panicking though. John Smith, a well-known crypto investor, called the crash a buying opportunity for risk-tolerant investors.
Kraken reported increased margin calls on January 29, meaning leveraged traders got wiped out left and right.
Grayscale announced they're watching the situation closely, potentially adjusting their Bitcoin Trust holdings.
Cardano dropped to $1.20, prompting founder Charles Hoskinson to address worried community members via livestream on January 28.