Crypto Market Update: Markets Pull Back After Fed Decision to Maintain Interest Rates
July 30, 2025 – 1:05 PM PST
The cryptocurrency market experienced a slight pullback Wednesday after the U.S. Federal Reserve opted to maintain current interest rates and issued a cautionary outlook on economic growth. This move followed a brief rally sparked by the White House’s newly released crypto policy report, which called for clearer regulatory guidance from the Securities and Exchange Commission (SEC) and fresh legislation governing digital assets.
Market Performance Snapshot
As of 9:00 p.m. UTC on Wednesday, Bitcoin (BTC) was priced at approximately $16,964, reflecting a 0.5% decline over the previous 24 hours. Intraday, Bitcoin’s price ranged between $16,079 and $18,644. Ethereum (ETH) also saw marginal losses, trading at about $3,764.26—a 0.1% decrease—with its lowest and highest valuations coming in at $3,708.13 and $3,820.17, respectively.
Other notable altcoins faced steeper declines:
- Solana (SOL): down 2.9%, trading near $176.09.
- XRP: down 0.6%, trading around $3.10.
- Sui (SUI): down 1.3% at $3.77.
- Cardano (ADA): down 2.3%, priced at $0.76. The recent drop followed a period of optimism after the White House’s crypto policy outlined efforts to establish a transparent and well-regulated market environment.
Key Industry Developments
Kraken Eyes $500 Million Funding Round
Cryptocurrency exchange Kraken is reportedly seeking $500 million in new capital, targeting a $15 billion valuation—up from $11 billion in 2022. The company is positioning itself for an initial public offering (IPO) in 2026 as part of its growth strategy.
Ethereum Celebrates 10 Years
July 30 marks the 10th anniversary of Ethereum’s launch, celebrating a decade of blockchain innovation that has made the network a foundational element of decentralized finance (DeFi). The Ethereum Foundation is commemorating the milestone with over 100 events globally, including a live broadcast featuring key Ethereum figures such as Vitalik Buterin, Joseph Lubin, and Tim Beiko.
Ether’s price has been buoyed by renewed institutional interest, nearing $4,000 in the lead-up to the anniversary, signaling growing confidence in Ethereum’s long-term potential.
Regulatory and Legislative Moves
SEC Approves In-Kind ETP Transactions
On July 29, the SEC authorized in-kind creation and redemption processes for crypto asset exchange-traded products (ETPs). This change allows authorized participants to directly exchange cryptocurrencies such as Bitcoin and Ethereum for crypto ETP shares, potentially reducing costs and increasing market efficiency.
SEC Chairman Paul Atkins emphasized that the move builds toward a rational and practical regulatory framework that benefits American investors by enhancing market dynamics.
New Crypto Mortgage Bills Introduced in Congress
Wyoming Senator Cynthia Lummis proposed the 21st Century Mortgage Act, which would require mortgage purchasers to consider digital assets in loan applications. This follows a Federal Housing Finance Agency (FHFA) order mandating government-backed mortgage entities like Fannie Mae and Freddie Mac to factor cryptocurrency assets into single-family loan evaluations.
Similarly, Representative Nancy Mace introduced the American Homeowner Crypto Modernization Act, which proposes integrating digital asset holdings into mortgage credit assessments to recognize the wealth-building potential of crypto for younger Americans.
These legislative efforts form part of a broader congressional focus on integrating digital assets into traditional financial products.
Industry Innovations and Partnerships
eToro Expands Trading Hours and Tokenization
Trading platform eToro announced plans to extend 24/5 trading for over 100 popular U.S. stocks and ETFs, enabling near-continuous trading across five days. Additionally, eToro is launching tokenized versions of these stocks as ERC-20 tokens on the Ethereum blockchain, enhancing liquidity and aiming for true 24/7 trading.
CEO Yoni Assia highlighted that these initiatives serve to bridge traditional finance with decentralized finance (DeFi), expanding product offerings for global users.
JPMorgan Partners with Coinbase for Crypto Purchases
In a major development, JPMorgan Chase announced a partnership with Coinbase that will enable Chase credit card holders to buy cryptocurrencies directly on the Coinbase platform. The service is expected to launch this fall, with full account integration by 2026. Cardholders will also be able to convert Chase reward points into USDC stablecoins.
This collaboration signals a shift in JPMorgan’s approach, as the banking giant embraces retail blockchain services amid a booming crypto market now valued above $4 trillion.
Outlook
The crypto market continues to navigate a complex environment shaped by cautious central bank policy, evolving regulatory frameworks, and growing institutional and legislative interest. While the Federal Reserve’s decision to hold interest rates steady has tempered recent enthusiasm, ongoing developments—from tokenization breakthroughs to enhanced regulatory clarity—point toward maturation and increasing integration of digital assets in mainstream finance.
Stay connected for further updates by following @INN_Technology on Twitter.
Authors:
Giann Liguid and Meagen Seatter
Investing News Network
Disclosure: Neither author holds direct investments in any companies discussed in this article.