Ethereum News Today: Bitcoin Stabilizes at $118,330 Amid Fed Rate Hold and Institutional Ethereum Push

The cryptocurrency market saw a marginal uptick over the past 24 hours following the Federal Reserve’s decision to maintain interest rates between 4.25% and 4.50%. The Fed cited elevated inflation and low unemployment as reasons for delaying any rate cuts, a move that sparked mixed reactions across the crypto space. Bitcoin (BTC) and Ethereum (ETH) both registered gains, while smaller altcoins like Solana (SOL) and Ripple (XRP) remained flat or saw slight declines.

Bitcoin experienced a sharp dip early in the week, falling below $117,000 to a low of $116,000 before rebounding to reclaim $118,000 and settling around $118,330. Despite the volatility, BTC ended the 24-hour period with a marginal increase. Institutional interest in Ethereum has grown, with the altcoin reclaiming $3,800 after a recent dip to $3,691. Ethereum’s resurgence was attributed to increased institutional adoption and favorable regulatory developments around stablecoins, which are largely issued on the Ethereum blockchain.

Meanwhile, Solana (SOL) faced significant selling pressure, dropping to $170 on Thursday before rebounding to $182. Despite the recent volatility, institutional interest in SOL remains strong, highlighted by the Cboe BZX’s submission of a proposal to the SEC for the Invesco Galaxy Solana ETF. Arbitrum (ARB) and Curve (CRV) also experienced notable price swings, with ARB fluctuating between $0.393 and $0.428 over the past week, while CRV traded in a range between $0.95 and $1.09.

In a broader market context, Robinhood’s crypto business saw a significant revenue boost in Q2 2025, reporting $160 million in revenue—a 98% increase year-over-year. However, this marked a 36% decline from its Q1 2025 revenue, reflecting the impact of a slower market and geopolitical tensions. The platform attributed much of its Q2 performance to crypto trading and its ongoing expansion, including the launch of Ethereum and Solana staking for U.S. users and the introduction of tokenized blue-chip equities.

The White House’s Working Group on Digital Assets released a comprehensive report outlining regulatory proposals for the U.S. crypto market. The report recommends a shared oversight model between the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC), with the CFTC handling spot crypto markets. It also proposes a “taxonomy” of digital assets to clarify which are securities and which are commodities, aiming to provide a more structured and predictable regulatory environment for the crypto industry.

Additionally, JPMorgan Chase announced a partnership with Coinbase, allowing Chase credit cardholders to purchase cryptocurrency and redeem points for stablecoins. This collaboration represents a significant step in integrating traditional finance with digital assets, as JPMorgan continues to explore opportunities in the stablecoin market.

Market participants are closely watching the Fed’s stance on interest rates and its potential impact on risk assets. While the central bank has resisted calls for rate cuts—despite pressure from President Donald Trump—analysts are divided on the long-term implications. Some suggest that the lack of aggressive rate cuts could limit upside potential for equities and crypto, while others see an environment where stable inflation and strong consumer confidence support continued growth in risk assets.

Overall, the crypto market remains in a state of consolidation as major players like Bitcoin and Ethereum navigate a range-bound pattern. Institutional adoption, regulatory clarity, and macroeconomic conditions will likely play a critical role in shaping the next phase of the market’s development[1].

Source: [1]Crypto Price Analysis 7-31: BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, ARBITRUM: ARB, CURVE: CRV (https://cryptodaily.co.uk/2025/07/crypto-price-analysis-7-31-bitcoin-btc-ethereum-eth-solana-sol-arbitrum-arb-curve-crv)