The price of Bitcoin drops today,Before the Fed makes its decision

July 30, 2025: The price of Bitcoin is about $118,217.79 today. It went down a little on Wednesday as traders were still being careful. The biggest cryptocurrency in the world is losing ground again after earlier this week. Most people in the market are avoiding risk because the Federal Reserve is about to make an important decision about interest rates and President Donald Trump’s tariff deadline is coming up on August 1.

Bitcoin dropped 0.8% to $117,911.3 by 01:32 ET (05:32 GMT) (the time of the original article’s data), although it has mostly stayed the same since it hit record highs around $123,000 in mid-July. Even while it is still set up for big gains this month, its recent rise has made it easy for people to take profits. It’s interesting that news that Strategy (previously MicroStrategy) raised $2.5 billion to buy 21,021 more Bitcoin didn’t help the crypto market right away.

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The end of the Fed’s meeting today is something that the markets are quite interested in. A lot of people think the central bank will maintain interest rates the same, even if President Trump and his allies are calling for lower rates more and more. Some analysts, on the other hand, think the Fed would show a less hawkish outlook, especially because of worries about the effects of Trump’s tariffs and the labor market showing signs of weakness.

The Fed’s unclear position has made traders less willing to take risks. Bitcoin didn’t go up much after the U.S. and the European Union signed a trade pact, however. This arrangement is a step forward in Trump’s plan to change trade, but starting on Friday, August 1, numerous big economies around the world will still have to pay high U.S. tariffs of 15% to 50%. Trump has showed little interest in extending this deadline.

Michael Saylor’s Strategy said on Tuesday that it had raised about $2.5 billion from a recent offering of preferred shares. They used this money to buy about 21,021 Bitcoin at an average price of $117,256 per Bitcoin. This brought Strategy’s total holdings to an incredible 628,791 coins.

The Information says that Kraken, the 14th-largest crypto exchange by daily volume, is trying to raise $500 million at a $15 billion valuation. This plan to raise money is in line with what other crypto exchanges are doing to take advantage of growing interest from institutional investors in bitcoin. This institutional optimism, together with predictions for more pro-crypto legislation under Trump, has been a big reason why Bitcoin has been going up all year.

Prices for other cryptocurrencies mostly followed Bitcoin’s decline, also taking some profits following a good July. Ether stayed at $3,807.44, and XRP dropped 0.6% to $3.1290. Cardano dropped 1.6%, and Solana dropped 2.1%. Dogecoin dropped 2.2% and $TRUMP dropped 2.6% among meme tokens.

Investors are starting to doubt the value of Strategy (MSTR) because it has been in the news for buying a lot of Bitcoin. InvestingPro’s powerful AI algorithms can help you find stocks that might be undervalued, like MSTR, that could give you big profits as the market changes.