{"id":117254,"date":"2025-07-31T15:14:28","date_gmt":"2025-07-31T11:14:28","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=117254"},"modified":"2025-07-31T15:14:31","modified_gmt":"2025-07-31T11:14:31","slug":"bitcoin-struggles-to-gain-momentum-as-fed-holds-rates-and-trade-tariff-deadline-approaches","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/bitcoin-struggles-to-gain-momentum-as-fed-holds-rates-and-trade-tariff-deadline-approaches\/07\/31\/market-updates\/","title":{"rendered":"Bitcoin Struggles to Gain Momentum as Fed Holds Rates and Trade Tariff Deadline Approaches"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>Bitcoin remained largely unchanged on Thursday, maintaining its rangebound movement after the Federal Reserve&#8217;s decision to keep interest rates steady, which dampened risk appetite. The focus has shifted to the upcoming <strong>U.S. trade tariff deadline<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Key Highlights:<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Bitcoin&#8217;s Steady Movement<\/strong>: Bitcoin rose 0.4% to <strong>$118,503.1<\/strong>, but remained below the <strong>$120,000<\/strong> mark after a record high earlier this month.<\/li>\n\n\n\n<li><strong>Fed&#8217;s Rate Decision<\/strong>: The Federal Reserve&#8217;s decision to <strong>hold rates unchanged<\/strong> on Wednesday, along with hawkish signals, reduced the likelihood of interest rate cuts in the coming months, which in turn negatively impacted risk assets, including cryptocurrencies.<\/li>\n\n\n\n<li><strong>Tariff Deadline<\/strong>: Investors are awaiting the looming <strong>August 1 deadline<\/strong> for U.S. trade tariffs, with some traders refraining from large bets ahead of the crucial date.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Market Sentiment:<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The <strong>Fed&#8217;s hawkish stance<\/strong> has weighed on speculative assets like Bitcoin, which have been adversely affected by rising interest rates over the past two years.<\/li>\n\n\n\n<li><strong>Weak Chinese PMI<\/strong> data and hawkish signals from the <strong>Bank of Japan<\/strong> also contributed to a subdued mood in risk-driven markets during the Asian session.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Crypto Markets and Broader Outlook:<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Ethereum<\/strong> (ETH) and <strong>XRP<\/strong> saw modest gains of 1.3% and 0.5%, respectively. Other altcoins like <strong>Solana<\/strong> and <strong>Cardano<\/strong> showed little movement, while <strong>Polygon<\/strong> dropped 0.4%.<\/li>\n\n\n\n<li>The <strong>$TRUMP meme token<\/strong> experienced a decline of 0.5%, highlighting the caution prevailing across the broader crypto market.<\/li>\n<\/ul>\n\n\n\n<p>With <strong>U.S. stock markets<\/strong> poised for strong gains after solid earnings reports from <strong>Microsoft<\/strong> and <strong>Meta<\/strong>, attention now turns to Friday\u2019s crucial <strong>nonfarm payrolls<\/strong> report and the impending <strong>trade tariff deadline<\/strong>.<\/p>\n\n\n\n<p>As markets await further developments, especially regarding the <strong>U.S.-China trade talks<\/strong> and <strong>tariff implementations<\/strong>, Bitcoin and the broader crypto market remain in a holding pattern, reflecting caution among investors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin remained largely unchanged on Thursday, maintaining its rangebound movement after the Federal Reserve&#8217;s decision to keep interest rates steady, which dampened risk appetite. The focus has shifted to the upcoming U.S. trade tariff deadline. Key Highlights: Bitcoin&#8217;s Steady Movement: Bitcoin rose 0.4% to $118,503.1, but remained below the $120,000 mark after a record high &hellip;<\/p>\n","protected":false},"author":9,"featured_media":99111,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,6827,49,36],"tags":[],"class_list":["post-117254","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-daily-economic-reports","category-economic-reports","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/117254","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=117254"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/117254\/revisions"}],"predecessor-version":[{"id":117255,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/117254\/revisions\/117255"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/99111"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=117254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=117254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=117254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}