Funds quietly flowing back on the eve of the FOMC, Bitcoin approaching $90,000, and the XRP $3 window is opening

BTC-2,04%
XRP-3,24%
ETH-2,76%

January 27 News, as the Federal Reserve’s FOMC meeting on January 27-28 approaches, Bitcoin and XRP prices have shown strong resilience, and the overall crypto market has experienced a slight rebound. Over the past 24 hours, the total market capitalization of digital assets has increased by approximately 0.95%, with some institutional funds flowing back in as the main driving force. Bitcoin is currently hovering around $88,000, Ethereum remains above $2,700, and gold and silver have also strengthened simultaneously, providing emotional support for risk assets.

The market generally expects the Federal Reserve to keep the current federal funds rate target range of 3.5% to 3.75% unchanged at this meeting. After three consecutive rate cuts, policymakers are becoming more cautious amid still-high inflation. The December meeting minutes showed that several officials favored slowing the pace of easing to avoid a rebound in price pressures. Investors are closely watching the FOMC statement for comments on inflation and economic growth, which will directly influence risk appetite and capital flows.

Regarding Bitcoin, the price has stabilized after a short-term correction and rebounded slightly within 24 hours. Data shows that the US spot Bitcoin ETF recorded a net inflow of about $6.84 million, ending several days of outflows, indicating some institutions are repositioning. If bullish momentum continues, Bitcoin may challenge the $90,000 level and even reach into the $92,000 region.

XRP also shows signs of recovery, rising about 0.8% in the past day. Despite short-term pressure, the overall trend over the past 30 days remains upward. ETF fund inflows related to XRP amount to approximately $7.76 million, reflecting restored institutional confidence. Meanwhile, the tokenized asset scale on the XRP Ledger has surpassed $1 billion, open interest has risen to about $3.4 billion, and on-chain activity continues to increase. If market sentiment remains stable, XRP still has the potential to push above $3.

Ahead of the FOMC announcement, both Bitcoin and XRP are at critical technical and emotional levels. The combination of stable interest rates and ETF fund inflows could provide momentum for a short-term rebound, while any hawkish signals might also bring new volatility.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Former UK PM Liz Truss Publicly Endorses Bitcoin as Tool Against Currency Debasement

Former UK Prime Minister Liz Truss criticized Britain's economic trajectory, citing high taxes and regulations. She advocates for Bitcoin to combat currency debasement and is organizing a conference to promote a movement for sovereignty and freedom.

GateNews6h ago

BTC breaks below 76000 USDT

Gate News bot message, Gate market data shows that BTC has broken below 76000 USDT, current price is 75996.9 USDT.

CryptoRadar7h ago

Goldman Sachs Files Bitcoin Income ETF Using Options Strategy

Goldman Sachs proposed a Bitcoin-focused income ETF that avoids direct Bitcoin holdings, using linked ETFs and options strategies for income. This filing reflects increased competition in the crypto investment space among major firms.

CryptoFrontNews7h ago

Bitcoin ETFs Record $663.9M Inflows, Strongest Day Since Mid-January

Bitcoin ETFs saw $663.9 million in inflows on April 18, indicating renewed institutional confidence and a shift in market sentiment. This trend suggests sustained interest in Bitcoin as investors seek to diversify their portfolios.

GateNews8h ago

Bitcoin Ownership Surpasses Gold Among Americans for the First Time

More Americans now own Bitcoin than gold, highlighting a significant shift in asset preferences as Bitcoin's popularity surges. U.S. entities dominate global Bitcoin holdings, and institutional adoption is accelerating, with major firms entering the market and legislation potentially enhancing Bitcoin's legal status.

GateNews9h ago

Bitcoin Price Outlook Shifts as Iran Toll Demand Revives $1M Target Talk

Iran Bitcoin toll revives debate on crypto as global payment infrastructure Geopolitical tensions push Bitcoin beyond store-of-value into currency role Institutional adoption and flows strengthen long-term million-dollar Bitcoin narratives Bitcoin price outlook has shifted again after fr

CryptoNewsLand9h ago
Comment
0/400
No comments