Bitcoin Price Slips as Fed Holds Rates; Crypto Market Mixed

Bitcoin slips 0.27% after the Fed holds rates at 3.50-3.75%; Ethereum rises, Solana climbs, and market fear remains with the Fear index at 29.

Rich by Coin

2026-01-29

The Federal Reserve kept the target range for the federal funds rate at 3.50% to 3.75% in the year’s first FOMC meeting, in line with market expectations. Despite the policy decision, the broader virtual asset market has yet to find clear momentum and remains under a cautious tone. On Bithumb, Bitcoin traded down 0.27% over 24 hours at KRW 129,430,000, roughly USD 89,200.

In USD terms, Bitcoin hovered near the $89,000 level as traders weighed the implications of the Fed decision. Ethereum rose 0.07%, Solana climbed 1.09%, and Ripple declined 0.32%. CryptoPrice data showed Bitcoin’s kimchi premium at 0.96% for the day, underscoring a nuanced mix of demand signals amid the current policy backdrop. The market’s sentiment metric remained subdued, with the fear index registering 29, signaling a cautious mood among traders.