Crypto Market hit today – here’s what drives a drop

• More than $ 800 million has been liquidated from the cryptocurrency of the market within 24 hours, while Bitcoin and most Altcoin sank.
• Several macroeconomic factors and volatility on the American Stock Exchange influenced the decline.

The cryptocurrency market was traded lower on January 27 Bitcoin (BTC) Drop below $ 100,000 for trade at $ 98,543 at the time of the press.

The first two altcoin, Ethereum (eth) and Ripple (xrp),, They also reduced 8%and 10%.

Downlend started huge liquidation of over $ 800 million per Coinglingwhich affected more than 316,000 merchants.

This bear trend coincided with several macroeconomic factors that seemed to cause panic due to the upcoming price instability.

FOMC Meeting at interest rates

The Federal Committee for the Open Market (FOMC) is expected to hold its first meeting of the year on January 29.

During the meeting, the Federal Reserve will make a decision on an interest rate that could arouse volatility in financial markets.

Data from CME FEDWATCH tool They showed that 99.5% of investors predicted that interest rates could remain unchanged at 4.25% to 4.5%, suggesting that the inflation is still worrying.

FOMC meetings usually affect the crypto price, as the interest rate decisions may influence whether investors invest or avoid risky property. Therefore, if the reduction of the rate remains unchanged, it could cause sale on the market.

The US Future market falls

Another reason that may have caused the fall on the cryptocurrency market is the fall of the US market for the future of shares.

At the time of the press, Nasdaq Futures decreased by about 2.5%, while the S&P 500 future spilled 1.49% per Google Finance.

This decline launched a successful debut of Chinese launch of AI, Deepseek, which overthrew Chatgpt and took the first place in the iOS App Store.

Her launch has created concern about performance of technological companies such as Nvidia.

Unlike Chatgpt, which relies on Nvidia for chips training, Deepseek uses smaller and inferior chips. This could affect the share of Nvidia on the AI ​​market.

It hits the US market for the shares tend to influence the prices crypto. Therefore, if the US market opens in the midst of this negative feeling, it could be pressured down.

Technical earnings could encourage volatility

Top technological companies, including Tesla, need to announce the earnings this week, which could also arouse volatility. In his earning report Q3, Tesla discovered share of 11.509 BTC.

Merchants will observe whether this position will remain unchanged, with any sale caused a fall.

The second expected earnings of earnings are Microsoft and Apple. The effectiveness of these companies could also affect cryptocurrency prices.

Despite these concerns, the cryptocurrency index and greed remains in the bull territory with a value of 71. This indicates a “greed” that could help start the purchase of purchases to help grow up.