BULLISH 📈 : Bitcoin Attempts to Break $90,000 as Market Gains Momentum

Hours before the FOMC meeting on Jan. 28, Bitcoin (BTC) and major altcoins are up by 2-3%. Investors are focused on Fed Chair Jerome Powell's tone regarding potential future rate cuts.

Crypto Market Dynamics

The broader crypto market is advancing despite a mild reaction to the US Dollar Index crash.
CoinGlass data shows short liquidations dominating over 1-hour, 4-hour, and 12-hour charts.
Reports suggest possible US Federal Reserve intervention in Japanese bond markets, potentially increasing liquidity.
Analyst Kyledoops highlights market focus on central bank signals and corporate earnings.
FOMC decision announcement imminent, with rate-cut expectations below 3%.
US Senate Agriculture Committee to vote on a major crypto market structure bill on Jan. 29.

Tomorrow is FOMC and markets are certain that the Fed will leave rates unchanged. This means all eyes will be on Powell's press conference and what he suggests the Fed's plans are for the coming months.

Bitcoin Price Movement

BTC price has increased by 2.6% in the last 24 hours, currently attempting to breach $90,000 resistance.
Daily trading volume surged by 15% to $42 billion, indicating a bullish trader sentiment.
According to analyst Crypto Gerla, failure to rise above $92,000 could see prices drop to $85,000-$86,000, with stronger support at $75,000-$77,000.

Bitcoin Hyper Achievements

Bitcoin Hyper (HYPER) has raised over $31 million in its presale, attracting investors with its DeFi ecosystem offering 38% staking yields.
The project aims to enhance Bitcoin’s transaction speed and cost efficiency using the Solana Virtual Machine (SVM).
It supports cross-chain interoperability with Solana and Ethereum networks, enabling access to a broader range of DeFi applications around BTC liquidity.