Bitcoin Drops Below $118.5K as Fed Decision and Tariff Fears Shake Crypto Market
July 30, 2025 · 8:00 PM
Bitcoin experienced a slight decline of 0.45%, dropping to $118,446.5 amid cautious trading ahead of key macroeconomic events, including the Federal Reserve's July policy meeting and upcoming U.S. tariffs set to begin on August 1. Despite a strong performance in July, profit-taking and market uncertainty have pressured the cryptocurrency, particularly as long-term holders and institutions sold off near the $120,000 resistance level.
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