JAKARTA - The crypto market including Bitcoin and altcoins showed a significant recovery after the Federal Reserve (The Fed) decision on January 29, 2025. The Fed maintains interest rates at 4.25% to 4.5% as CoinSpeaker reports.

Although these efforts are part of a monetary tightening that indicates a strong economy, many crypto analysts actually see it as a signal of a rise in the crypto market.

The price of Bitcoin, for example, has increased by 3.10% and is trading at US$105,000 or around Rp.1,698,000,000. Altcoins or crypto assets other than Bitcoin, including Ethereum, XRP, and Solana also recorded an increase of between 3-7%.

The Fed's decision ended the period of cutting aggressive interest rates that occurred last year leading to more stable policies. While not necessarily triggering a major rally for altcoins, the crypto market looks optimistic about the prospects.

Bitcoin And Altcoin Predictions According To Experts

However, an analyst named Benjamin Cowen warned that although Bitcoin shows stronger dominance, there is a possibility that Bitcoin dominance will soar above 60% in the near future.

Cowen argues that while Bitcoin will dominate the market, this figure will likely not last long, and the altcoin market will see an increase afterward.

Another analyst, Captain Faibik, also gave a rather optimistic view. According to him, the altcoin correction phase that has been going on since early December 2024 is now almost over, and the market will enter a bullish phase driven by the Pennant pattern breakout.

Faibik even mentioned that this could be the last chance for investors before the market advances further. "In December, you only saw the trailer, the film will only start," he said, hinting at a great opportunity in February.


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