Crypto News, July 30: FOMC Holds Rates, Bitcoin ETFs Flip Green, Ethereum Dominance Falls
A quiet tension settled across global markets after the Federal Reserve delivered its latest policy decision. The FOMC held interest rates steady, but investors quickly realized the pause carried a distinctly hawkish tone. Treasury yields climbed, equities split direction, and Bitcoin, Ethereum, and crypto were left searching for the marketโs next catalyst.
Bitcoin ETFs finally returned to net inflows, offering a welcome sign of demand, while Ethereum continued losing its dominance as capital rotated back to Bitcoin. Meanwhile, fresh security incidents and political headlines reminded investors that crypto never sleeps.
Hawkish FOMC Hold Keeps Markets on Edge
The FOMC held the federal funds rate at 3.50% to 3.75% in a narrow 9-3 vote on July 29. Three regional Fed presidents, Beth Hammack, Neel Kashkari, and Lorie Logan, favored another 25 basis point hike, marking the first time since 2016 that three hawkish officials dissented together. Policymakers cited persistent inflation around 4.1% alongside resilient economic growth, reinforcing expectations that rates could stay elevated longer.
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