The Crypto Market Returns to the Bullish Path: Altcoins Rise as Bitcoin Recovers the $118K Mark
July 31, 2025 · 2:26 PM
Bitcoin has regained the $118K mark, despite warnings from the Relative Unrealized Profit metric that suggest possible sell pressure. The market is closely watching the upcoming July CPI data and uncertainties surrounding Federal Reserve policy as significant influences. Additionally, political tensions within the Fed have increased, particularly after dissent from Trump-appointed officials regarding interest rate decisions, which has enhanced Bitcoin's attractiveness as a hedge against institutional instability and potential inflation.
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