Bitcoin News Today: Crypto Market Awaits Fed Policy, GDP Data, and White House Report

The cryptocurrency market is preparing for a day of heightened volatility driven by a series of key economic and regulatory events. At the center of attention is the White House’s planned release of a report on the feasibility of maintaining a national cryptocurrency stockpile. Though the report’s final conclusions remain speculative, its publication could signal a shift in U.S. government policy toward digital assets, potentially encouraging broader institutional and retail adoption [1]. Market observers are also watching how this development may influence federal regulatory strategies in the long term.

Following the report, the U.S. Q2 GDP data will be released later in the day. Analysts have forecast a 2.3% growth rate, which would indicate continued economic expansion and delay fears of a near-term recession [2]. If the final number meets or exceeds expectations, it could provide a short-term boost to risk-on assets like cryptocurrencies. However, if the data falls short, it could exacerbate market anxiety and weigh on crypto prices.

The day’s most anticipated event is the Federal Open Market Committee (FOMC) decision and the subsequent press conference by Federal Reserve Chair Jerome Powell. While a rate cut is unlikely today, investors will be closely monitoring Powell’s remarks for any hints about the central bank’s future policy direction. A dovish tone—suggesting future easing—could spark a renewed rally in the crypto market [3]. Recent reports indicate that Donald Trump has had private discussions with Powell, with some speculation that this has influenced the Fed chair’s stance [4].

The broader market remains cautious ahead of these developments. Bitcoin is currently range-bound, and traders are watching critical support and resistance levels. If BTC breaks above $119,200 this week, it could trigger a more aggressive buying phase [5]. However, macroeconomic uncertainty and potential trade policy shifts, including Trump’s expected tariff announcement, continue to cloud the near-term outlook [6].

Ripple’s XRP remains under pressure, trading near $3.13 with key support at $3.00 and resistance at $3.20. Recent weakness has been amplified by the MACD sell signal and a 20% pullback from its all-time high of $3.65 [7]. Regulatory developments—particularly the SEC’s appeal in the Ripple case and the ongoing opposition from U.S. banks—add further uncertainty to the token’s short-term trajectory [8].

Meanwhile, Coinbase Global experienced a 3% intraday dip, echoing past patterns where similar declines have historically led to positive rebounds. However, the outcome of such movements will heavily depend on macroeconomic developments and regulatory clarity [9].

With multiple overlapping catalysts—ranging from macroeconomic data to regulatory and geopolitical developments—the crypto market is entering a high-impact period. Investors are advised to remain alert, as today’s events could mark a pivotal turning point in the broader digital asset landscape.

Source:

[1] https://coinmarketcap.com/community/articles/688a2a09c4e32d555c37fa63/

[2] https://www.bitcoinsensus.com/news/interest-rates-and-tariffs-crypto-markets-brace-for-a-volatile-week/

[3] https://www.fxempire.com/forecasts/article/xrp-news-today-key-report-and-sec-vote-set-stage-for-xrp-volatility-surge-btc-dips-pre-fed-1537343

[4] https://blockchain.news/flashnews/greeks-live-community-daily-digest-mixed-crypto-market-sentiment-and-key-btc-levels-for-july-29-2025

[5] https://www.mitrade.com/insights/news/live-news/article-3-996017-20250730

[6] https://thecurrencyanalytics.com/bitcoin/bitcoin-holds-steady-as-markets-brace-for-fed-rate-decision-and-tech-earnings-187639

[7] https://investx.fr/en/crypto-news/bitcoin-fed-decision-breakout-coming/

[8] https://nairametrics.com/2025/07/30/ripples-xrp-braces-for-potential-market-downturn/

[9] https://www.ainvest.com/news/coinbase-global-plunges-2-63-start-downtrend-buying-opportunity-2507/