coin-img-ETHETH-1.39%coin-img-BTCBTC-0.86%coin-img-SPACECOINSPACECOIN-8.08%coin-img-SOLSOL-2.65%coin-img-XRPXRP-1.25%coin-img-HYPEHYPE-6.06%coin-img-USDCUSDC+0.00%coin-img-DOGEDOGE-1.79%coin-img-ETHETH-1.39%coin-img-BTCBTC-0.86%coin-img-SPACECOINSPACECOIN-8.08%coin-img-SOLSOL-2.65%coin-img-XRPXRP-1.25%coin-img-HYPEHYPE-6.06%coin-img-USDCUSDC+0.00%coin-img-DOGEDOGE-1.79%coin-img-ETHETH-1.39%coin-img-BTCBTC-0.86%coin-img-SPACECOINSPACECOIN-8.08%coin-img-SOLSOL-2.65%coin-img-XRPXRP-1.25%coin-img-HYPEHYPE-6.06%coin-img-USDCUSDC+0.00%coin-img-DOGEDOGE-1.79%coin-img-ETHETH-1.39%coin-img-BTCBTC-0.86%coin-img-SPACECOINSPACECOIN-8.08%coin-img-SOLSOL-2.65%coin-img-XRPXRP-1.25%coin-img-HYPEHYPE-6.06%coin-img-USDCUSDC+0.00%coin-img-DOGEDOGE-1.79%

Bitcoin Dips Below $88,000 on January 29 Following FOMC Meeting; Crypto Market Extends Losses

Bitcoin (BTC) dropped below $88,000 on January 29, declining 1.51% within the hour and initiating a broad cryptocurrency market selloff, BlockBeats reported. This downturn followed the latest Federal Reserve's Federal Open Market Committee (FOMC) meeting, where officials observed some stabilization in the U.S. unemployment rate while acknowledging that inflation remains elevated. Historically, Bitcoin has reacted negatively to FOMC outcomes, falling after seven of eight meetings in 2025, including a 9% decline post-December meeting. Analysts attribute these recurring post-meeting drops to market uncertainty surrounding future rate-cut expectations or reactions to confirmed easing measures.
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BTC-0.88%
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