Bitcoin News Today: Bitcoin Dips Below $118,000 Amid Fed Tightening Fears and Market Volatility

The cryptocurrency market entered a period of heightened volatility in late July 2025, with Bitcoin experiencing downward pressure amid macroeconomic uncertainty and regulatory developments. The price of Bitcoin fell below $118,000, with analysts noting strong supply resistance above this level. The Federal Reserve’s hawkish rhetoric, particularly from Chair Jerome Powell, fueled concerns over tighter monetary policy, amplifying market jitters [1]. The broader crypto market, valued at $3.89 trillion, witnessed a 2.37% pullback on July 30, further reflecting the sensitivity of digital assets to macroeconomic signals [2].

Bitcoin’s movement remained constrained within a defined range, according to analysis from DaanCrypto, which highlighted key liquidity levels and potential breakout points. The price is currently hovering near a key support zone, with analysts noting that a decisive move above $118,000 could trigger a broader upward trend, though immediate pressure remains [1]. Meanwhile, the narrowing of Bollinger Bands since August 2023 suggests a potential breakout phase, with some analysts forecasting a move either to $130,000 or a deeper correction [1].

Dogecoin, priced at $0.21, continued to exhibit high volatility, as it often does during periods of market uncertainty. Analyst Martinez pointed to a potential wedge pattern in Dogecoin’s chart, suggesting a possible rise to $0.265 if the pattern completes [1]. However, Dogecoin remains vulnerable to rapid sell-offs, echoing its behavior during previous bullish cycles.

While Bitcoin faced short-term headwinds, some altcoins showed resilience. XRP reached an all-time high of $3.65 in mid-July, driven by regulatory optimism and positive analyst sentiment [3]. Shiba Inu (SHIB) also saw a dramatic 8,866% increase in whale activity within 24 hours, signaling a surge in investor interest [4]. Chainlink (LINK) and Toncoin (TON) were also noted for potential price retests as the market consolidates.

The role of spot Bitcoin ETFs in stabilizing the market was highlighted by recent reports, with over $154 billion in assets under management contributing to reduced price swings [5]. However, uncertainty around Federal Reserve policy and regulatory clarity remains a critical factor. Investors are closely monitoring the August period for any fresh signals from the Fed or regulatory bodies, as these could significantly influence market direction [6].

Source:

[1] title: Cryptocurrency Markets Stir as Bitcoin Dips and Volatility Looms (https://coinmarketcap.com/community/articles/688bd81a979cf14188f946bf/)

[2] title: Powell's Hawkish Stance Triggers Crypto Turbulence Amid ... (https://dexalot.com/en/blog/powells-hawkish-statement-crypto-market-reaction)

[3] title: Latest Altcoins News (https://watcher.guru/news/category/altcoins)

[5] title: Could shifting tides at the SEC fast-track XRP ETFs by ... (https://www.instagram.com/p/DMwzOLlNbjs/)

[6] title: Latest Stock Market News (https://www.walkthestreetcapital.com/topic/stock-market-news)