When Crypto Gets a Boost: The FOMC Edition 🎉🚀

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Oh, the FOMC, that delightful meeting where the Federal Reserve Board decides whether to crush our dreams or let us fly 🩅. And this time, they chose the latter! 🎊

Wednesday’s FOMC brought good news to the crypto market, despite the expected no rate cuts. Several large-caps facing key S/R levels saw bullish bounces and are now back in experts’ list of best cryptos to buy, including Bitcoin which is now looking to flip the $105,000 resistance.

In fact, Fed Chair Jerome Powell claimed the central bank isn’t against Bitcoin or crypto innovation, stating that banks can freely serve crypto customers as long as they manage risks.  

BREAKING: đŸ‡ș🇾 Fed Chair Jerome Powell: “Banks can freely serve crypto customers.” With President Trump, a new Bitcoin era is unfolding. You’re not bullish enough.

— Michael Saylor ⚡ Founder of MicroStrategy (Parody) (@Saylorsatsire) January 29, 2025

5 Coins That Benefitted From Wednesday’s FOMC

Bitcoin (BTC)

As the US Dollar Index (DXY) saw a significant decline following Powell’s press conference, Bitcoin price surged. The Bitcoin price is now above the $105,000 resistance and is aiming to secure a daily and monthly close above it. Legendary trader Bluntz suggests BTC has completed its A-B-C corrective wave and is now set for a bull rally to $128,000. 

$btc looking like that last pullback was an abc and this leg is about to extend once again.should look something like this when all’s said and done imo.

— Bluntz (@Bluntz_Capital) January 30, 2025

Ethereum (ETH)

Ethereum (ETH) is also showcasing significant bullish strength post-FOMC. Experts highlight the formation of a “Power of 3” setup, which could pave the way for a rally to $4,800. 

It is time. $ETH

— Poseidon (@CryptoPoseidonn) January 29, 2025

Dogecoin (DOGE)

The Dogecoin price is up by 4% on Thursday and nearly 6.5% from Wednesday’s lows. Popular analyst Ali Martinez highlights DOGE appears to have broken out of a symmetrical triangle in its hourly timeframe, which could pave the way for a surge to $0.36.

#Dogecoin $DOGE appears to have broken out of a symmetrical triangle, targeting $0.36!

— Ali (@ali_charts) January 30, 2025

Pepe (PEPE)

Pepe is also gearing up for a major breakout. Prominent analyst Unknown Trader has opened a long position on Pepe, expecting it to potentially recover to $0.000016. 

#PEPE $PEPE LONG TRADEENTRY: 0.00001277 – 0.00001245TARGETS: 0.0000138 – 0.0000165STOPLOSS: 0.000012045

— UNKNOWN TRADER (@Learnernoearner) January 30, 2025

Low Market Cap Meme Coins

Jerome Powell’s dovish FOMC is beneficial for low-cap crypto assets. Just today, a new meme coin $JELLYJELLY went from $100k to $100 million market cap in just 60 minutes. Smart money investors are also eyeing outsized returns from Solaxy (SOLX), a meme coin which has raised over $16 million in its ICO.

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2025-01-30 21:41