Crypto Shockwaves: Bitcoin Near $119K, White House “Regulatory Bible”, and Altcoin Turmoil – July 29-30, 2025 Roundup
Bitcoin held near its record highs as the crypto market navigated macroeconomic crosswinds. Prices hovered around $118,000-$119,000, roughly 4% below the all-time high of $123,230 set mid-month cointelegraph.com. Investors remained cautious ahead of the U.S. Federal Reserve’s July 30 rate decision, widely expected to hold rates steady despite President Donald Trump pressuring for cuts coindesk.com. July 2025 marked Bitcoin’s fourth consecutive monthly gain, even after a slight pullback from earlier peaks investing.com. In contrast, altcoins suffered sharp losses. On July 29, traders unwound risky positions as they braced for the Fed announcement and other economic data coindesk.com. XRP, Solana, and Cardano each fell over 3% in 24 hours, while Dogecoin, Avalanche, and Sui plunged more than 5% coindesk.com. This extended