Altcoins News
By Jean-Luc Maracon
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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…
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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…
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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.
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But here's the weird part - TRX actually went up. Not by much, but in a sea of red, any green looks good.
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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.
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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.
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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…
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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.
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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…
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Jane Doe from CryptoAnalysis said Bitcoin's inability to hold $88,000 could trigger more selling.
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Stablecoins became the safe haven of choice. Tether and USD Coin saw massive inflows as traders fled to safety.
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Not everyone's panicking though. John Smith, a well-known crypto investor, called the crash a buying opportunity for risk-tolerant investors.
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Kraken reported increased margin calls on January 29, meaning leveraged traders got wiped out left and right.
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Grayscale announced they're watching the situation closely, potentially adjusting their Bitcoin Trust holdings.
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Cardano dropped to $1.20, prompting founder Charles Hoskinson to address worried community members via livestream on January 28.
The Currency Analytics
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