Bitcoin News Today: Bitcoin Falls 1.44% and Dogecoin Drops 15% as Fed Meeting Looms

Cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and XRP remain range-bound ahead of the Federal Reserve’s upcoming policy meeting, while Dogecoin (DOGE) faces downward pressure as market participants brace for potential shifts in monetary policy. BTC has dipped below $118,000, trading at $117,985.30 on Binance on July 28, 2025, marking a 1.44% decline over 24 hours [1]. ETH, meanwhile, hovered near $3,772, showing limited momentum despite growing corporate buying activity [2]. XRP also traded sideways, with analysts attributing its recent cooldown to selling pressure from Korean exchange Upbit, though bullish sentiment persists around Ripple’s ecosystem [3]. In contrast, DOGE has slumped 15% over seven days, with large holders acquiring discounted tokens amid short-term weakness [4].

The muted performance of major assets contrasts with heightened volatility in altcoins like Bonk (BONK), which has surged 154% monthly, outpacing gains in DOGE and Shiba Inu (SHIB) [5]. Analysts note that crypto markets are entering a critical phase ahead of the FOMC meeting, where expectations of rate cuts or prolonged tightening could drive sharp price swings. Whale activity has intensified, with reports of increased selling pressure pushing BTC below key support levels [6]. However, some market commentators argue that unless BTC drops below $74,000, current pullbacks are inconsequential to the broader bull trend [7].

Corporate adoption of ETH appears to bolster its outlook, as traders anticipate a potential push toward $4,100. Conversely, DOGE’s struggles highlight its vulnerability to macroeconomic shifts and speculative flows. While long-term bullish sentiment for ETH remains intact, short-term corrections are expected before further gains [8]. For XRP, despite a recent 0.89% decline, ecosystem growth and institutional confidence suggest resilience post-FOMC.

The FOMC meeting, scheduled for later in the week, has become a focal point for crypto investors. Analysts like Benjamin Cowen predict a bearish August for BTC, which could lead to fresh lows for altcoins [9]. However, others remain cautiously optimistic, noting that a potential rate cut by the Fed could reignite risk-on sentiment and drive a rebound in digital assets. The interplay between macroeconomic data and regulatory developments will likely shape the next phase of market action.

Sources:

[1] Benzinga, "Bitcoin News Today: Bitcoin Falls 1.44% as Whale Activity..." (https://www.ainvest.com/news/bitcoin-news-today-bitcoin-falls-1-44-whale-activity-sparks-volatility-118-000-2507/)

[2] FXEmpire, "XRP (XRP) Price Forecasts, Predictions & News" (https://www.fxempire.com/crypto/ripple/news)

[3] Benzinga, "Articles written by Khyathi Dalal" (https://www.benzinga.com/author/khyathi-dalal)

[4] Benzinga, "Articles written by Khyathi Dalal" (https://www.benzinga.com/author/khyathi-dalal)

[5] Benzinga, "Articles written by Khyathi Dalal" (https://www.benzinga.com/author/khyathi-dalal)

[6] Moomoo, "Bitcoin, Ethereum, XRP Remain Muted As Dogecoin Drops..." (https://www.moomoo.com/news/post/56084779/bitcoin-ethereum-xrp-remain-muted-as-dogecoin-drops-ahead-of)

[7] Benzinga, "Articles written by Khyathi Dalal" (https://www.benzinga.com/author/khyathi-dalal)

[8] Benzinga, "Ethereum (ETH/USD) Crypto Price, News and Market Data" (https://www.benzinga.com/quote/ETH-USD)

[9] FXEmpire, "Bitcoin (BTC) Price Forecasts, Predictions & News" (https://www.fxempire.com/crypto/bitcoin/news)