Bitcoin price today: below $116k ahead of Fed meet, crypto

As of Monday, July 28, 2025, Bitcoin’s price is around $117,899.00. While some reports from a few days ago noted a dip below $116,000, it has since recovered slightly.

The Federal Reserve (FOMC) has a meeting scheduled for July 29-30, 2025. These meetings are closely watched by financial markets, including cryptocurrency, as the Fed’s decisions on interest rates and monetary policy can significantly impact investor sentiment and liquidity.

Impact of Fed Meetings on Cryptocurrency Prices:

Interest Rates: Higher interest rates generally make “risk-on” assets like cryptocurrencies less attractive, as traditional investments (like bonds) offer better returns. Conversely, lower rates tend to encourage investment in riskier assets.

Monetary Policy (Quantitative Tightening/Easing): When the Fed engages in quantitative tightening (reducing its balance sheet), it removes liquidity from the financial system, which can negatively impact crypto prices. Quantitative easing, on the other hand, injects liquidity and can be bullish for crypto.

Economic Outlook: The Fed’s assessment of the economy, inflation, and employment can influence market sentiment. Positive economic outlooks might support risk assets, while concerns about inflation or recession could lead to a flight to safety.

Currently, the Fed had maintained the federal funds rate at 4.25%-4.50% at its June meeting and officials still anticipate two 25-basis-point rate cuts later in 2025. However, there’s ongoing uncertainty due to factors like inflation and new tariffs. The upcoming meeting will be crucial for understanding the Fed’s stance and its potential implications for the crypto market.