Cryptocurrency Price Today: Bitcoin Hovering Above $100,000 Mark, Most Altcoins Show Bearish Momentum

The cryptocurrency chart reflects more losses than gains on Monday, January 27. Bitcoin fell 4.53 per cent on international exchanges to trade at $1,00,423 (about Rs 86.7 lakh), CoinMarketCap data showed. On Indian exchanges like BuyUcoin, meanwhile, BTC suffered losses of more than three percent to trade at a price point of $101,658 (about Rs 87.7 lakh). According to market analysts, Bitcoin’s struggle is currently oscillating between optimism and uncertainty ahead of the US interest rate decision scheduled for later this week.

Explaining the decline in Bitcoin prices, the CoinSwitch Markets desk told Gadgets 360: “However, all eyes will be on the FOMC’s interest rate decision on Wednesday as the Fed is expected to pause interest rate cuts in light of the economic data in… Previous comments from panelists, “With Trump calling for rate cuts – there is an outside chance of another rate cut, which could be very bullish for markets overall.”

ether join Bitcoin On the losing side of the price chart on Monday. On global exchanges, the price of ETH fell by 5.79 percent to trade at $3,154 (about Rs 2.72 lakh). Meanwhile, on Indian platforms, the asset reflected price declines of around four percent to trade at $3,190 (around Rs 2.75 lakh).

the Track crypto prices Gadgets 360 showed a decline in most cryptocurrency prices on Monday.

These include Solana, Binance coin, Dogecoin, Cardano, Avalancheand Dotted.

Shiba Inu, com.uniswapand Litecoin Losses were also recorded.

The cryptocurrency’s market capitalization fell by 4.72 percent in the past 24 hours as well. The sector’s valuation currently stands at $3.45 trillion (about Rs 2,98,01,007 crore), according to CoinMarketCap.

Only a few cryptocurrencies held on to slight gains on Monday. These include Leo, pregnancyand corn.

Cryptocurrency is an unregulated digital currency, not legal tender and is subject to market risks. The information contained in the article is not intended to be and does not constitute financial advice, business advice or any other advice or recommendation of any kind given or endorsed by NDTV. NDTV will not be liable for any loss arising from any investment based on any recommendation, forecast or any other information contained in the article.