The crypto money market faced uncertainty before the US Federal Open Market Committee (FOMC) meeting on January 29, 2024. Bitcoin (BTC) $102,950.2 and leading subcoins Ethereum (ETH) 
$3,195.6XRP and Solana (left) prices decreased. Investors showed a cautious attitude in the market while waiting for the Fed’s interest rate decision.
Fluctuation in Bitcoin and Ethereum
Bitcoin lost about 1 %in the last 24 hours, traded around 102,000 dollars. The dominance of the BTC increased by 0.4 % to 58.36 % as intraday. Ethereum decreased by 2 %to $ 3,132. Solana continued to be traded at $ 231 by losing 3 %.
Market Volume and Investor Behavior
The global crypto market value decreased by 1 %to the level of 3.46 trillion dollars. The total market volume decreased by 40 %to $ 116 billion. The fact that investors waited for the decision of the FED led to fluctuations in the market.
Prominent market movements
Especially Move, who spent a moving day, increased by 16 %with the major purchases of Donald Trump’s World Liberty Financial company. In addition, crypto currencies such as Dogwifhat (WIF) and Uniswap (UNI) drew attention with 6 %gains.
Expert Opinions
Ali Martinez said that investors sold their funds before the FED and sold BTC ETFs about 800 million dollars of BTC. He also said he expects investors’ FED President Jerome Powell to speak.
‘Ash Crypto’ said that they expect Powell to take a dovish attitude and that it could have positive effects on the crypto market.
The XRP continued to be traded above $ 3 despite the general market trend. Crypto experts said that the latest purchases of major investors for XRP support the market.
Dogcoin 
$0.33411Breast coins such as Shiba Inu, Trump and Pepe also suffered depreciation. Dgecoin 3 %, Shiba Inu lost 5 %, while Trump and Pepe decreased by about 8 %.
The fluctuation in the crypto market may continue depending on the Fed’s interest rate decision. In addition to economic indicators, investors continue to act by paying attention to the future policies of the FED.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
