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Bitcoin Shakes Off Powell Jitters: Crypto Daybook Americas

2025-07-31 12:22:41

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By Omkar Godbole (All times ET unless indicated otherwise) The crypto market quickly recovered from the late Wednesday swoon triggered by Fed Chair Jerome Powell's hawkish comments. Bitcoin (BTC) bounced to $118,500 from $116,000, with ether (ETH), XRP (XRP) and other major altcoins following suit. The CoinDesk 80 Index traded over 2.5% higher on the day, outperforming the CoinDesk 20 Index , which suggests a stronger recovery in smaller tokens such as toncoin (TON) and memecoins including shiba...

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