Bitcoin News Today: Bitcoin Surges 11.3% to $119.5K on Trade Optimism, Fed Meeting Seen as Key Catalyst for Gains

Bitcoin’s price has surged to $119,500 amid growing optimism about trade developments and macroeconomic clarity, with traders fixated on the Federal Reserve’s upcoming policy meeting as a potential catalyst for further gains. Historical patterns suggest Bitcoin has rallied in five of the last seven Federal Open Market Committee (FOMC) decisions, regardless of whether the Fed hiked rates, held steady, or adjusted its forward guidance [1]. This trend underscores the cryptocurrency’s sensitivity to market sentiment and volatility resolution rather than the specifics of monetary policy outcomes.

Traders are particularly focused on the Fed’s July 30–31 meeting, where analysts expect no rate changes, with the benchmark rate remaining in the 4.25%-4.50% range [6]. However, the focus will shift to Federal Reserve Chair Jerome Powell’s post-meeting commentary, which often drives market psychology more than the policy decision itself. A dovish tone could weaken the U.S. dollar, encouraging inflows into risk-on assets like Bitcoin, while a hawkish stance might redirect capital toward traditional safe havens [6]. Prediction markets indicate strong consensus for rate inaction, but the market’s reaction will hinge on Powell’s interpretation of inflation, employment data, and forward-looking guidance.

Recent price action reinforces Bitcoin’s pre-Fed-meeting momentum. The cryptocurrency reached $119,552.6 as of July 11, reflecting a 1.1% rise, while a 11.3% surge on July 23 was driven by speculation about a U.S.-EU trade deal and expanding M2 money supply [4]. Despite fluctuations—such as a 0.86% gain to $118,147 as of July 7—analysts suggest Bitcoin could target $130,000 if it maintains above $110,000 support [5]. Conversely, a pullback to $113,000 remains a risk, highlighting the fragility of current gains.

The market’s optimism is further fueled by broader macroeconomic signals and technical developments. A $175 million token unlock event this week has introduced supply-side pressure, testing market resilience for projects like Jupiter, SUI, and Optimism [7]. Meanwhile, Starknet’s V0.14.0 upgrade, featuring decentralized sequencer architecture and faster block times, may enhance trading activity and token value [7]. These factors, combined with an economic calendar including inflation and GDP reports, create a high-volatility environment ahead of the Fed decision.

Social media and trading activity are already amplifying bullish sentiment. Traders are positioning for a potential breakout following the Fed’s announcement, mirroring historical patterns where Bitcoin’s price surged post-meeting amid risk-on sentiment [1]. “If the trend holds, Bitcoin could see another notable move, potentially igniting broader altcoin momentum as well,” the article notes [2]. While past performance does not guarantee future results, the convergence of macroeconomic clarity, regulatory developments, and technical upgrades positions the final week of July as a critical inflection point for crypto markets.

Source:

[1] [Bitcoin price today: rises to $119.5k amid trade cheer; Fed, crypto report eyed](https://ng.investing.com/news/cryptocurrency-news/bitcoin-price-today-rises-to-1195k-amid-trade-cheer-fed-crypto-report-eyed-2027611)

[2] [Bitcoin Climbs to $119.5K on Trade Optimism, Eyes on Fed ...](https://www.mitrade.com/au/insights/crypto/bitcoin/bitcoin-price-today-20250728)

[3] [Bitcoin (BTC) Price Could Double in 2025, But This Altcoin ...](https://www.mitrade.com/au/insights/news/live-news/article-3-992654-20250729)

[4] [Bitcoin Surges 11.3% as U.S.-EU Trade Deal and M2 ...](https://www.ainvest.com/news/bitcoin-news-today-bitcoin-surges-11-3-eu-trade-deal-m2-growth-signal-130k-target-2507/)

[5] [Bitcoin Eyes $130K If $110K Support Holds](https://www.ainvest.com/news/bitcoin-news-today-bitcoin-eyes-130k-110k-support-holds-2507/)

[6] [Fed decision, $175M token unlocks, and starknet upgrade ...](https://www.fxstreet.com/cryptocurrencies/news/fed-decision-175m-token-unlocks-and-starknet-upgrade-set-to-rock-crypto-markets-this-week-202507280926)

[7] [All Eyes on the Fed's Decision & Big Tech Earnings](https://coincentral.com/busy-week-ahead-all-eyes-on-the-feds-decision-big-tech-earnings/)

[8] ['Biggest trade deal ever' — 5 things to know in Bitcoin this ...](https://www.tradingview.com/news/cointelegraph:4ff12d030094b:0-biggest-trade-deal-ever-5-things-to-know-in-bitcoin-this-week/)