Crypto Market News Today, January 29: No Fed Rate Cut, US Shutdown Odds Falling, ETH USD Back Below $3K
Yahoo Finance·2026-01-29 16:51

The crypto market woke up with the Fed confirming there would be no rate cut, keeping benchmark rates locked in the 3.5%–3.75% range. That stance landed just as US Shutdown fears cooled, sending the market down with ETH USD back under the $3,000 psychological support. The Fed decision to hold off on a rate cut came with Chairman Jerome Powell striking a cautious tone. Growth, he said, remains solid despite cracks in housing and the looming wildcard of tariffs pushing prices higher. Inflation is still stic ...