The price of $BTC jumped to $104,000 (around Rp1.69 billion) after the Federal Open Market Committee (FOMC) announced its decision to maintain interest rates in the range of 4.25%–4.5%. This decision provided a positive boost to the crypto market, although Fed Chairman Jerome Powell emphasized that inflation remains high and monetary policy will remain flexible in the coming months.
The BTC price movement was also driven by significant liquidation of short positions in the futures market, which reached $15 million in the last hour. With this momentum, will Bitcoin be able to break through the resistance at $105,000 and continue the bullish rally?
On January 30, 2025, the price of Bitcoin increased by 1.82% in the last 24 hours and touched the level of $104,159.
Additionally, Bitcoin's market cap now sits at around $2.06 trillion, with trading volume up 6.75% to $48.55 billion in the past 24 hours.
