Crypto Price Analysis 7-31: BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, ARBITRUM: ARB, CURVE: CRV
The post Crypto Price Analysis 7-31: BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, ARBITRUM: ARB, CURVE: CRV appeared on BitcoinEthereumNews.com.
The crypto market recorded a marginal increase over the past 24 hours as the Federal Reserve left interest rates unchanged between 4.25% and 4.50%. Federal Reserve Chair Jerome Powell cited elevated inflation and low unemployment as reasons to postpone rate cuts. The crypto market’s reaction was mixed, with Bitcoin (BTC) and Ethereum (ETH) trading in positive territory, while others, such as Ripple (XRP) and Solana (SOL), were trading flat. BTC registered a sharp drop early on as it fell below $117,000 to a low of $116,000. However, it rebounded to reclaim $118,000 and move to its current level. The flagship cryptocurrency is marginally up over the past 24 hours, trading around $118,330. ETH also registered substantial movement over the past 24 hours, as it dipped to a low of $3,691 before rebounding to reclaim $3,800. The world’s second-largest cryptocurrency is trading around $3,858, up over 1% over the past 24 hours. Ripple (XRP) traded flat, with the price marginally down at $3.13, while Solana (SOL) is down 0.50% as it struggles to stay above $180. Dogecoin (DOGE) is down almost 1%, while Cardano (ADA) is down 0.55% at $0.780. However, Stellar (XLM), Chainlink (LINK), Hedera (HBAR), Litecoin (LTC), and Toncoin (TON) traded in positive territory. Polkadot (DOT) is down 0.30%, trading at $3.86. Federal Reserve Keeps Interest Rates Steady US stock indices traded in positive territory after the Federal Reserve kept interest rates steady between 4.25% and 4.50%. Market experts had expected the Fed to keep rates unchanged, citing low unemployment and elevated inflation. However, the vote was split, with Trump appointees Michelle W. Bowman and Christopher J. Waller pushing for a rate cut. The Dow Jones rose 0.03% following the decision, while the S&P 500 and Nasdaq rose 0.46%. The Fed kept rates steady despite President Donald Trump putting…
Filed under: News - @ August 1, 2025 11:26 am