Featured News Headlines
Bitcoin Price- Bitcoin and Ethereum Climb Amid Fed’s Rate Hold
Bitcoin Price– Bitcoin and other top cryptocurrencies are showing signs of resilience after a rocky midweek dip. Following the Federal Reserve’s decision to hold interest rates steady, crypto markets initially stumbled—but quickly regained footing, fueled by renewed investor confidence and strong tech-sector earnings.
Bitcoin Recovers After Fed Shock
On Wednesday afternoon, the Federal Reserve announced it would pause interest rate hikes, keeping rates unchanged for now. The immediate reaction? Bitcoin (BTC) plunged to $116,000, sparking concern across the market.
But just hours later, BTC rebounded, climbing back to $118,522 as of Thursday morning—up 0.4% in the past 24 hours, according to CoinDesk data.
This quick reversal reflects a growing trend: crypto is increasingly tied to traditional financial markets, especially U.S. equities. As the Nasdaq and S&P 500 bounced on the back of strong earnings from tech giants, crypto followed suit.
Altcoins Join the Rally
It wasn’t just Bitcoin staging a comeback.
- Ethereum (ETH) surged 2.3%, trading above $6,500.
- XRP (XRP) jumped 2.6%, continuing its recent bullish momentum.
- Solana (SOL) rose 2.2%, as interest in Layer 1 platforms gains steam.
All major altcoins moved in step with Bitcoin, suggesting broader market sentiment is turning cautiously optimistic.
Bitcoin Eyes $120,000 Again
Bitcoin has hovered just below the $120,000 level since mid-July, after hitting an all-time high above $122,000. While some analysts predicted a steeper correction, BTC has proven remarkably stable—fluctuating within a narrow range, and now pushing higher again.
Could $120K act as a breakout point?
Traders are watching that psychological level closely. A solid close above $120K could trigger fresh momentum, bringing in sidelined capital and retail interest.
Macro Matters More Than Ever
“The influence of macroeconomic factors on cryptocurrencies continues to grow, even in the absence of major industry developments,” wrote Alex Kuptsikevich, senior analyst at FxPro, in a Thursday note.
That means economic signals—like interest rates, inflation data, and corporate earnings—are now playing a bigger role in shaping crypto price action than tweets or token upgrades.
In other words, crypto is maturing. It’s behaving less like a niche asset class and more like a part of the global financial system.
A Disappointing Update From Washington
Adding further depth to the evolving market narrative was the long-awaited release of a report from the Trump administration’s working group on digital asset markets. This report had been anticipated for months by both investors and policymakers, particularly within the crypto community, where many hoped it would signal a meaningful shift in the U.S. government’s approach to digital currencies. Among the most widely speculated ideas was a proposal to establish a strategic national reserve of Bitcoin—a move that, if implemented, could have marked a historic step toward legitimizing cryptocurrency as a sovereign-grade financial asset.
Such a proposal would not only have demonstrated governmental confidence in Bitcoin as a long-term store of value, but also positioned the U.S. as a forward-thinking leader in the rapidly evolving global digital economy. Enthusiasts and institutional stakeholders alike were expecting bold vision, concrete policy direction, and potentially even frameworks for broader national adoption or integration of blockchain technologies into federal financial systems.
However, the final document delivered none of those transformative promises. Instead, the report offered a cautious set of regulatory recommendations focused primarily on oversight and risk management. There were no major revelations, no strategic commitments, and certainly no mention of a national Bitcoin reserve. The tone of the report was conservative, clearly prioritizing stability over innovation, and it ultimately failed to provide the clarity or ambition that many in the crypto industry had hoped for.
What’s Next for Crypto?
While short-term volatility remains, the current market tone feels more resilient than reactionary. Here’s what traders and analysts are watching next:
- $120,000 resistance: A break and hold could signal a new leg up.
- Regulatory clarity: The next big move might depend more on Washington than Wall Street.
- Tech earnings and inflation data: Continued macro strength could act as a tailwind for crypto assets.
The key takeaway? Crypto is no longer moving in isolation. It’s part of a broader ecosystem where traditional finance and decentralized tech are starting to overlap.
And as that overlap grows, so too does the influence of macroeconomic forces—something every investor, from whales to retail traders, will need to account for.
