[LIVE] Crypto News Today: Latest Updates for July 31, 2025 – Bitcoin Holds $118K After Fed Keeps Rates Steady, ETH Trades Above $3.8K

2025-07-31 03:42:50

Main Idea

Bitcoin holds above $118K and Ethereum trades above $3.8K despite a 3.8% drop in the overall crypto market cap, amid broader uncertainty due to upcoming U.S. tariffs.

Key Points

1. Bitcoin maintains support above $118,000 despite market weakness.

2. Ethereum trades above $3,800 amid broader market uncertainty.

3. The crypto market cap is down 3.8%.

4. Market uncertainty is fueled by looming U.S. tariffs set to take effect on August 1.

Description

Crypto market is flashing mixed signals today as investors digest the Federal Reserve’s decision to keep interest rates unchanged while bracing for macroeconomic headwinds. The crypto market cap is down 3.8%, yet Bitcoin has managed to hold above the key $118,000 support level despite earlier weakness, signaling cautious optimism among traders. Ethereum also remained resilient, hovering above $3,800 amid broader uncertainty fueled by looming U.S. tariffs set to kick in on August 1. While institu...

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Industry Talk Bitcoin Ethereum Market

$ETH

$3707.60

-2.08%

$OP

$0.6675

-4.92%

$BTC

$115990.0

-1.31%

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