The cryptocurrency market is facing turbulence today as Bitcoin and major altcoins slide amid Federal Reserve uncertainty. However, institutional investors remain undeterred, pouring millions into crypto ETFs. Here’s what you need to know about today’s Bitcoin news and market movements.
Crypto Market Slides 4.8% as Fed Decision Looms
The total cryptocurrency market capitalization dropped 4.8% to $3.95 trillion, with 92 of the top 100 coins in the red. Key factors driving the decline:
- Bitcoin (BTC) fell to $118,159 (-2.3%)
- Ethereum (ETH) declined to $3,817 (-1.8%)
- XDC Network (XDC) was the top performer (+9.4%)
- Bonk (BONK) suffered the worst loss (-11.2%)
Fed Uncertainty Weighs on Crypto Market Sentiment
Investors are anxiously awaiting the Federal Reserve’s interest rate decision and key economic reports:
| Event | Impact |
|---|---|
| FOMC Rate Decision | Expected to hold rates steady |
| September Rate Cut Probability | Now 50-60% (down from 70%) |
| Q2 GDP Data | Due Thursday |
| July Employment Figures | Due Friday |
ETF Inflows Defy Market Downturn with $79.98M Boost
Despite the market slump, institutional money continues flowing into crypto:
- U.S. Bitcoin spot ETFs: $79.98M inflow (Total: $55.06B)
- BlackRock led with $157.55M inflow
- Ethereum ETFs: 18 straight days of inflows ($218.64M today)
- Total ETH ETF inflows: $9.62B
Michael Saylor’s Bold Bitcoin Bet Pays Off
MicroStrategy (now Strategy) completed the largest U.S. IPO of 2025:
- Raised $2.521 billion
- Acquired 21,021 BTC
- Total holdings: 628,791 BTC
- Average purchase price: ~$73,277
Is This a Temporary Correction or Start of a Downturn?
Analysts remain cautiously optimistic:
- “Bitcoin’s reduced volatility shows maturation” – Matthew McPhee, Xapo Bank
- “Altcoins gaining real-world utility in DeFi, AI, gaming” – Ignacio Palomera, Bondex
- SEC’s ETF approval seen as positive for market efficiency
FAQs: Bitcoin News and Market Update
Q: Why is the crypto market down today?
A: Uncertainty around Fed rate decisions and upcoming economic data has created selling pressure.
Q: Are institutions still buying Bitcoin?
A: Yes, ETF inflows continue with $79.98M added to Bitcoin ETFs and $218.64M to Ethereum ETFs today.
Q: What’s the outlook for September rate cuts?
A: Probability has decreased to 50-60% as inflation concerns persist.
Q: How much Bitcoin does MicroStrategy now hold?
A: 628,791 BTC acquired at an average price of ~$73,277.
Q: Is now a good time to buy crypto?
A: Many analysts view this as a temporary correction, but recommend dollar-cost averaging and long-term holding strategies.
