The post Crypto Price Analysis 1-30: BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, BITTENSOR: TAO, ARTIFICIAL SUPERINTELLIGENCE ALLIANCE: FET, ALGORAND: ALGO, OPTIMISM: OP appeared on BitcoinEthereumNews.com.

Bitcoin (BTC) bounced following comments from Federal Reserve Chair Jerome Powell at the FOMC meeting, signaling that banks could serve crypto customers if they comply with risk disclosure requirements. As a result, the crypto market registered notable gains, with BTC up nearly 3% as it crossed the $105,000 mark. BTC has struggled to build momentum, and a move past $105,000 could ignite a move toward a new all-time high.  Ethereum (ETH) is on the verge of pushing above $3,200, with the price currently at $3,197, while Ripple (XRP) is up just over 1% and is trading around $3.12. Solana (SOL), Dogecoin (DOGE), Cardano (ADA), Chainlink (LINK), Stellar (XLM), Toncoin (TON), Hedera (HBAR), and Polkadot (DOT) also registered notable gains. The crypto market cap is up nearly 3% and currently sits at $3.56 trillion.  Fed Hints Banks Can Serve Crypto Customers  Markets cheered following comments by Fed Chair Jerome Powell signaling banks could serve crypto customers. Markets had a muted response to the Federal Open Market Committee’s decision to keep interest rates unchanged. The Fed has maintained rates at 4.25%-4.50%, citing elevated inflation, a decision predicted by most analysts. Bitcoin (BTC) registered a marginal increase following the release of the FOMC meeting minutes, ultimately rising over 3% as the uptrend continued.  Fed Chair Jerome Powell also stated that US banks can serve crypto customers provided they comply with risk disclosure requirements. He also emphasized that de-banking legally compliant customers is not Fed policy, referring to the so-called Operation Choke Point 2.0. He also reiterated that the Federal Reserve cannot legally hold BTC, prompting Senator Cynthia Lummis to propose a change in the law if necessary. The unchanged federal interest rate also split sentiment between bulls and bears. BTC bulls argue the flagship cryptocurrency could see a significant jump in February, speculating…

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Filed under: News - @ February 1, 2025 2:12 am