Cryptocurrencies have seen an uptick, even as global markets prepare for the Federal Reserve’s impending interest rate decision, which is largely anticipated to result in a “hold”. Sentiment continues to be influenced by the approaching U.S. budget deadline on January 30, alongside a series of economic data releases and central bank decisions on the horizon. The overall crypto market capitalization has surged by over 2 percent in the last 24 hours. The prevailing sentiment regarding interest rate expectations from the Fed strongly indicates a pause is on the horizon. Reports indicates that the probability of a Fed rate cut announcement this Wednesday afternoon stands at a mere 2.8 percent. Alongside the Federal Reserve’s actions, the Bank of Canada is set to announce its interest rate decision this Wednesday. Next week will see crucial decisions from the Reserve Bank of Australia, the Bank of England, and the European Central Bank. Cryptocurrencies experienced a surge as the dollar weakened, driven by anticipations of a dovish successor to Jerome Powell as Fed Chair, alongside remarks from President Trump that downplayed the dollar’s drop. The six-currency dollar index stands at 96.24, having fluctuated between 95.74 and 96.29. While the cryptocurrency markets are experiencing a wave of positive sentiment, the gains remain modest when juxtaposed with the substantial increases seen in precious metals. Bitcoin has seen an increase of 1.8 percent overnight, while gold has surged by 3.4 percent during Wednesday’s trading session. In a notable shift, silver has surged by 5.6 percent overnight, while Platinum has seen an increase of 3.7 percent during the day’s trading session. Gold futures for April settlement are presently priced at $5,293.50 per troy ounce, reflecting a 3.4 percent increase over the last 24 hours. Earlier in the day’s trade, prices reached an all-time high of $5,344.70.
The overall crypto market capitalization stands at $3.03 trillion, reflecting an increase of over 2 percent overnight. In a notable shift, 64 of the top 100 cryptocurrencies are experiencing overnight gains exceeding one percent. Simultaneously, 4 out of the top 100 cryptocurrencies are experiencing overnight losses exceeding one percent. Bitcoin has surged 1.8 percent over the last 24 hours, currently trading at $89,523.58. The current price sits approximately 29 percent beneath the all-time high of $126,198.07, which was reached on October 7, 2025. The original cryptocurrency has seen a 0.4 percent increase over the past week, maintaining year-to-date gains of 2.3 percent. The trading activity over the past 24 hours fluctuated between $89,538.39 and $87,228.92. On Tuesday, Bitcoin Spot ETF products in the U.S. experienced net outflows totaling $147 million, contrasting with the net inflows of $7 million recorded on Monday. The iShares Bitcoin Trust ETF experienced significant outflows, totaling $103 million. Ethereum has surged by 3.7 percent overnight, now trading at $3,022.39. The top alternative cryptocurrency is currently trading at a staggering 39 percent below its all-time high of $4,953.73, which was reached on August 25, 2025. The trading activity over the past 24 hours fluctuated between $3,031.83 and $2,903.14.
On Monday, Ethereum Spot ETF products in the U.S. experienced net outflows totaling $64 million, contrasting with net inflows of $117 million recorded on the same day. The iShares Ethereum Trust ETF experienced significant net outflows amounting to $59 million. Bitcoin holds the 8th position, while Ethereum is placed at 42nd in the global asset rankings based on market capitalization, according to a source. BNB, currently holding the 4th rank, experienced a rally of 2.77 percent overnight, pushing its price up to $903.02. BNB is currently trading at a level that is 34 percent below its all-time high of $1,370.55, which was reached on October 13, 2025. XRP, currently holding the 5th rank, saw a 1.9 percent increase overnight, bringing its trading price to $1.92. This figure remains approximately 50 percent lower than its all-time high of $3.84, which was reached on January 4, 2018. The price of 6th ranked Solana surged by 2.8 percent overnight, reaching $127.25. SOL is currently trading approximately 57 percent lower than its all-time high of $294.33, which was reached on January 19, 2025. TRON, currently ranked 8th overall, experienced a slight decline of 0.7 percent overnight and is now trading at $0.2918. The trading price currently sits at 34 percent below the cryptocurrency’s all-time high of $0.4407, which was recorded on December 4, 2024.
Dogecoin, currently ranked 9th, surged by 3.6 percent overnight and is trading at $0.1262. DOGE is currently trading at an impressive 83 percent below its previous peak of $0.7376, which was recorded on May 8, 2021. Cardano, currently holding the 10th rank, saw an overnight increase of 3.1 percent, bringing its trading price to $0.3610. ADA is presently trading 88 percent lower than its all-time high of $3.10 reached on September 2, 2021. In a remarkable overnight surge, the 91st ranked pippin outperformed its peers in the top 100 cryptocurrencies, achieving a gain exceeding 57 percent. Hyperliquid, currently sitting at the 12th rank, experienced impressive overnight gains exceeding 24 percent. 63rd ranked River emerged as the standout performer among the top 100 cryptocurrencies, despite facing overnight losses of 6.5 percent. Kaia, currently sitting at the 100th rank, experienced overnight losses of 4.5 percent.