--- title: "Fed Holds Rates, Trump Strikes With New Tariffs as Bitcoin and Alts React: Your Weekly Crypto Recap" description: "The Federal Reserve held interest rates steady for the fifth consecutive time, leading to immediate reactions in the cryptocurrency market. Bitcoin's price fluctuated, initially dropping to under $116" type: "news" locale: "en" url: "https://longbridge.com/en/news/251216220.md" published_at: "2025-08-01T13:37:48.000Z" --- # Fed Holds Rates, Trump Strikes With New Tariffs as Bitcoin and Alts React: Your Weekly Crypto Recap > The Federal Reserve held interest rates steady for the fifth consecutive time, leading to immediate reactions in the cryptocurrency market. Bitcoin's price fluctuated, initially dropping to under $116,000 before recovering slightly. However, it later fell to a three-week low of $114,000 amid new tariffs announced by President Trump. Altcoins experienced even steeper declines, with ETH and XRP down 5% each. Notable news included the White House's Digital Asset report, Ethereum's 10th anniversary, and significant inflows into Ethereum ETFs. Bitcoin whales now hold 68% of the supply as retail investors sell off. Another important, volatile, and eventful week passed by. It had traders and investors looking out for the latest Federal Reserve meeting, which took place a few days ago. But before it, bitcoin’s price had recovered from last week’s plunge below $115,000 on Friday and had returned to its familiar trading range between $117,000 and $119,000. The asset traded between those two lines for days ahead of the Wednesday FOMC meeting, with little to no volatility and success when it comes to breaching either side. Hours before the central bank announced its policy decision, the US GDPreportfor Q2 went out, which was better than expected, showing a significant economic increase of 3%. US President Trump immediately used this opportunity to urge Fed Chair Jerome Powell to cut the rates, but to no avail. To the surprise of almost no one, the US central bankleft the rates unchangedfor the fifth consecutive time. BTC’s price reaction was immediate as the asset slipped from nearly $119,000 to under $116,000. However, it managed to recover the losses by Thursday when it neared the upper boundary of this channel once again. Nevertheless, the bears were persistent, and, after getting some assistance from Trump’s latest set of tariffs against numerous countries, rejected bitcoin at that level. Within hours, the cryptocurrency’s pricetumbledto a three-week low of $114,000, charted earlier today. Still, BTC managed to mark its highest monthly closure at roughly $115,000 yesterday evening, even though it’s 2.5% down on the week. The altcoins, though, have charted even more notable price declines compared to last Friday’s valuations. ETH and XRP have slumped by 5% each, while SOL, DOGE, ADA, HYPE, XLM, SUI, LINK, HBAR, and many others have seen losses of up to 10%.Market Data Market Cap: $3.83T | 24H Vol: $180B | BTC Dominance: 60% BTC: $115,350 (-2.5%) | ETH: $3,646 (-4.8%) | XRP: $2.98 (-4.8%) This Week’s Crypto Headlines You Can’t Miss Trump Administration Unveils Crypto Strategy But Omits Bitcoin (BTC) Reserve Plan. Another major news that came out earlier this week was the long-anticipated Digital Asset report from the US White House. Interestingly, it mentioned different industry initiatives like stablecoins and DeFi, but failed to provide any details about the country’s strategic Bitcoin reserve. Ethereum Turns 10: What Will Define the Next Decade? It’s a week for anniversaries in the cryptocurrency space, with Shiba Inu and Ethereum standing out for their fifth and tenth birthdays, respectively. Here are some of Ethereum’s massive achievements since 2015 and what might lie ahead. Ethereum ETF Inflows Soar in July, Outpacing Last 11 Months Combined. Speaking of Ethereum, its underlying asset has been on fire for the past few months, driven to a large extent by the substantial inflows into the spot ETH ETFs. In fact, July saw more net inflows into those financial vehicles than the previous 11 months combined. Strategy Tops IPO Charts in 2025 With $2.52B Raise—More Bitcoin Bought. Although it didn’t announce a bitcoin purchase on Monday, as usual, the Saylor-spearheaded company held an IPO for 28 million shares for STRC and raised over $2.5 billion. Naturally, it used a large portion of this stash to accumulate 21,021 BTC. Bitcoin Whales Seize 68% of Supply After Adding 218,570 BTC. Reports emerged after BTC’s latest correction that retail investors had begun offloading sizeable portions of the asset. At the same time, though, whales have been on a buying spree and now hold 68% of the cryptocurrency’s supply. Altseason in Full Swing? These CryptoQuant Charts Point to Yes. Whether or not this cycle will go through an altseason continues to be a heated discussion within the community. According to CryptoQuant, this relatively short period has already begun as the analytics company outlined several factors proving its point.Charts This week, we have a chart analysis of Ethereum, Ripple, Cardano, Solana, and HYPE – click here for the complete price analysis. ### Related Stocks - [ETHE.US - Grayscale Ethereum Staking ETF](https://longbridge.com/en/quote/ETHE.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | BTC Capital Management Inc.購入了 3,425 股賽富時公司（Salesforce Inc.）的股票 | BTC Capital Management Inc. 在第三季度收購了 3,425 股 Salesforce Inc.（紐約證券交易所代碼：CRM），價值約 81.2 萬美元。其他機構投資者，包括 Brighton Jones LLC 和 | [Link](https://longbridge.com/en/news/276001356.md) | | Trust Wallet 推出 Flap Bonding Curve 交易功能 | Trust Wallet 在其 Meme Rush 部分推出了 Flap 綁定曲線代幣交易，提供快速執行和簡化界面，以便於新代幣的早期價格發現。Trust Wallet 是一款多鏈移動應用，提供無縫訪問各種區塊鏈和 DApp，優先考慮用户安 | [Link](https://longbridge.com/en/news/276081479.md) | | 哈佛從比特幣轉向，以 8680 萬美元的以太坊頭寸，Coinbase 高管稱這是一個買入機會 | 哈佛大學的捐贈基金已經調整了其加密貨幣策略，在 2025 財年第四季度減少了比特幣持有量，並投資了 8680 萬美元於以太坊現貨交易所交易基金。這一變化在向美國證券交易委員會的監管文件中披露，表明其投資策略發生了重大轉變 | [Link](https://longbridge.com/en/news/276062140.md) | | Rocket Pool 將於 2 月 18 日在 YouTube 上進行直播 | Rocket Pool 將於 2 月 18 日 00:00 UTC 在 YouTube 上直播 Saturn One 的發射。Rocket Pool 是一個去中心化的以太坊 2.0 質押協議，允許用户通過資源池化以較小的金額進行質押。參與者 | [Link](https://longbridge.com/en/news/276081462.md) | | iExec RLC 計劃於 2 月 17 日進行直播活動 | iExec RLC 將於 2 月 17 日 UTC 時間下午 5 點舉辦一次直播，屆時將邀請 Hack4Privacy 的獲勝項目 ShadowSwap。討論將集中在開發一個保密的去中心化交易所，探索私密交易基礎設施背後的技術以及項目的路線 | [Link](https://longbridge.com/en/news/276081452.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.