Bitcoin News Today: Bitcoin Rises 1.31% to $119,398 as Fed Rate Decision, Tech Earnings, and $50B ETF Inflows Loom

Bitcoin (BTC) maintained a stable position near $118,000 over the weekend as markets anticipated the Federal Reserve’s upcoming rate decision, major tech earnings, and critical exchange-traded fund (ETF) data. The cryptocurrency’s price action reflected cautious positioning ahead of these key economic and market events. Analysts and investors are closely monitoring whether BTC will break out of its recent consolidation range or face renewed downward pressure.

The Fed’s decision on interest rates, expected to maintain the current target range of 4.25% to 4.50%, remains a focal point. While the central bank acknowledges the economy’s resilience, concerns persist over inflation, which rose from 2.4% in June to 2.7% in July. Simultaneously, the release of second-quarter earnings from the Magnificent 7—Tesla, Apple, Microsoft, Alphabet, Amazon, Nvidia, and Meta—could further influence market sentiment. Over half of S&P 500-listed companies will report earnings this month, with expectations of continued resilience in corporate performance despite broader economic uncertainties [1].

Bitcoin’s price trajectory has been shaped by recent ETF activity and market structure shifts. Net inflows into spot Bitcoin ETFs exceeded $50 billion in July, yet on-chain activity has not mirrored this capital influx. Analyst Eric Balchunas of Bloomberg noted that these ETFs have attracted larger institutional investors, potentially paving the way for mainstream adoption. However, the absence of in-kind redemption mechanisms in ETFs has limited capital rotation into altcoins, a pattern observed in prior market cycles [2].

Key price movements in July highlighted BTC’s volatility. The asset fell to an intraday low of $114,779 on July 18 but rebounded to reclaim $118,000 by the end of the week. Over the weekend, it rose 1.31% on Sunday to surpass $119,000 before settling at $119,398. Technical analysts emphasized the $119,000–$120,000 threshold as a critical barrier for a sustained bullish breakout. Rekt Capital observed that a close above this level could confirm a retest of prior ranges, while Ted Pillows predicted a potential break above $119,500 to initiate the next upward phase [3].

Opinions on Bitcoin ETFs varied among market participants. Robert Kiyosaki, author of Rich Dad Poor Dad, endorsed spot Bitcoin ETFs as accessible tools for average investors but cautioned against overreliance on such instruments. He compared ETFs to “having a picture of a gun for personal defense,” emphasizing the irreplaceable value of holding physical assets like gold, silver, and Bitcoin itself. Kiyosaki also hinted at purchasing additional BTC once the asset exceeds $120,000 but advised against speculative excess [4].

Blockware analyst Mitchell Askew argued that spot Bitcoin ETFs have fundamentally altered market dynamics by curbing extreme volatility. He described BTC/USD as representing “two entirely different assets” before and after ETFs, predicting a gradual, steady ascent to $1 million over the next decade. This shift, he noted, would likely eliminate parabolic rallies and sharp bear markets, instead favoring a methodical oscillation between growth and consolidation phases [5].

Bitcoin’s immediate outlook hinges on macroeconomic developments and institutional sentiment. While ETF inflows continue to support demand, on-chain metrics remain subdued, suggesting a divergence between capital accumulation and active trading. The market’s ability to navigate the Fed’s decision, tech earnings, and ETF performance updates will likely determine BTC’s trajectory in the coming weeks.

Source:

[1] [Bitcoin Price Analysis: BTC Steady Around $118,000 As Fed Decision, Tech Earnings Loom](https://bitzo.com/2025/07/bitcoin-price-analysis-btc-steady-around-118000-as-fed-decision-tech-earnings-loom)

[2] [Bitcoin Price Analysis: BTC Steady Around $118,000 As Fed Decision, Tech Earnings Loom](https://bitzo.com/2025/07/bitcoin-price-analysis-btc-steady-around-118000-as-fed-decision-tech-earnings-loom)

[3] [Bitcoin Price Analysis: BTC Steady Around $118,000 As Fed Decision, Tech Earnings Loom](https://bitzo.com/2025/07/bitcoin-price-analysis-btc-steady-around-118000-as-fed-decision-tech-earnings-loom)

[4] [Bitcoin Price Analysis: BTC Steady Around $118,000 As Fed Decision, Tech Earnings Loom](https://bitzo.com/2025/07/bitcoin-price-analysis-btc-steady-around-118000-as-fed-decision-tech-earnings-loom)

[5] [Bitcoin Price Analysis: BTC Steady Around $118,000 As Fed Decision, Tech Earnings Loom](https://bitzo.com/2025/07/bitcoin-price-analysis-btc-steady-around-118000-as-fed-decision-tech-earnings-loom)