Bitcoin News Today: Bitcoin Range-Bound Ahead of Fed Decision as CFX ENA Post 69% 40.5% Gains

Generated by AI AgentCoin World
Friday, Jul 25, 2025 2:07 pm ET1min read
BTC
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Aime RobotAime Summary

- Bitcoin traded between $115,399 and $119,959 ahead of the Fed decision, with crypto market cap dropping to $3.85 trillion from $4 trillion.

- Altcoins outperformed Bitcoin, led by Conflux (69% gain) and Ethena (40.5% gain), driven by upgrades, partnerships, and whale activity.

- Analysts cited conflicting forces: record $44.5B open interest, leveraged positions, and macro risks like U.S. trade rules and Fed rate uncertainty.

- A $23.7M Deribit bet targets $200K by year-end, while Swissblock called the dip a "low-risk correction," contrasting warnings of $113,500 support breakdown risks.

Bitcoin remained range-bound between $115,184 and $119,959 ahead of the Federal Reserve’s monetary policy decision, with the total cryptocurrency market cap falling to $3.85 trillion from a brief $4 trillion peak [1]. Despite this, altcoins outperformed

Bitcoin
, with Conflux (CFX) and Ethena (ENA) posting double-digit weekly gains of 69% and 40.5%, respectively [1]. Analysts attribute Bitcoin’s sideways movement to conflicting short-term forces, including rising open interest at an all-time high of $44.5 billion and leveraged positions increasing the risk of volatility [1].

The market’s indecision was compounded by macroeconomic uncertainty, including U.S. trade restrictions set to take effect on August 1 and unresolved negotiations with the EU and South Korea [1]. Traders also remained cautious ahead of the Fed’s July meeting, where officials signaled no immediate rate cuts, pushing expectations for monetary easing to September or October [1]. Meanwhile, Bitcoin’s 65% rebound from April lows prompted profit-taking across the market, particularly among altcoins that had surged earlier in the week [1].

Despite short-term volatility, bullish sentiment persisted. A $23.7 million structured bet on Deribit, targeting $200,000 by year-end, signaled long-term confidence in Bitcoin’s trajectory [1]. Swissblock, an asset manager, noted that the Bitcoin Risk Index remained at zero, indicating no overheating and reinforcing the view that the current dip was a low-risk correction rather than a trend reversal [1]. However, some analysts, like Daan Crypto Trades, highlighted $115,000 as a critical support level, warning of a potential retest of $113,500 if the breakdown held [1].

Altcoins closed the week on a positive note, with the altcoin market cap rising 2.5% to $1.59 trillion. Conflux’s rally was driven by its upcoming Conflux 3.0 upgrade and partnerships aimed at real-world asset tokenization, while Ethena’s surge was fueled by whale accumulation and a $260 million ENA treasury strategy by StablecoinX [1]. Pudgy Penguins (PENGU) also gained traction due to a Gemini listing, partnerships with NASCAR and Lufthansa, and increased NFT sales.

Bitcoin closed at $115,399, down 2.4% on the week, as broader macroeconomic factors and leveraged trading dynamics continued to weigh on directionality. Traders awaited further clarity from the Fed and key resistance levels to determine the next phase of price action.

Source: [1] [Bitcoin range-bound ahead of Fed decision, CFX, ENA post double digit weekly gains] [https://invezz.com/news/2025/07/25/bitcoin-range-bound-ahead-of-fed-decision-cfx-ena-post-double-digit-weekly-gains/]