#Bitcoin BTC Price News & Insights Today 29-1-2026 - Elliott Wave and technical analysis of #BTC, focusing on market structure, key support and resistance zones. Video by More #Crypto Online.
Buy, sell, and store over 400 digital assets at one of Europe’s leading exchanges. Crypto trading and staking made simple!
Learn more >>
Bitcoin (BTC) is trading near $88,148.84 as of January 29, 2026, following a session characterized by technical pressure and a shift in investor sentiment toward safe-haven assets. The price experienced a sharp dip early in the day, reaching a low of $87,677.79, as the cryptocurrency market reacted to the Federal Reserve's decision to maintain interest rates at 3.50%–3.75%.
Buy Bitcoin >>
Bitcoin Insights Today
-Federal Reserve Impact: The Fed's "higher for longer" interest rate stance has dampened appetite for risk-on assets, contributing to a 1.09% decline in BTC's price over the last 24 hours.
-Safe-Haven Competition: Bitcoin is currently underperforming relative to traditional commodities; while gold hit record highs above $5,500 per ounce, Bitcoin has struggled to act as a macro hedge, trading more like a high-beta risk asset.
-Geopolitical Pressures: Escalating tensions between the U.S. and Iran have driven oil prices higher, further fueling a "risk-off" mood that has seen approximately $2.9 trillion wiped from the broader crypto market cap today.
-Technical Outlook: Analysts identify $89,000 as a strong near-term support level, while $90,000 remains a critical resistance point that must be breached to target higher zones of $91,000–$92,000.
Buy Bitcoin >>
