Today's crypto market, Thursday (31/7), is focused on news that The Fed has once again maintained interest rates, triggering a temporary pressure on Bitcoin which briefly fell below $116k, while Ethereum is preparing to set a new record in August thanks to massive ETF inflows.
On the other hand, Solana dropped 10% but is seen as a 'buy the dip' opportunity by analysts. Crypto tax regulation is also in the spotlight: Indonesia revises income tax rates, while the US plans to ease them. See more insights below:
Table of Contents
The Fed Maintains Interest Rates Stable for the Fifth Consecutive Time
Ethereum: Highest Record in August 2025?
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Solana (SOL) Plummets 10% in a Week, Buy The Dip Market Signal
Indonesia Revises Crypto Tax, US Aims to Reduce
The Fed Maintains Interest Rates Stable for the Fifth Consecutive Time
The Fed is predicted to cut interest rates by the end of the year.
Fed Chair, Jerome Powell: New inflation rate just started.
Bitcoin briefly fell below $116,000 due to this development.
Ethereum: Highest Record in August 2025?
ETH price ahead of August around $3,877, $3,919 triggers Fibonacci breakout.
ETF inflows for ETH in July reached $5.12 billion, showing strong institutional confidence.
ETH/BTC ratio and EMA signals indicate potential altseason.
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Solana (SOL) Plummets 10% in a Week, Buy The Dip Market Signal
Analysts predict SOL will rally, optimism peaks at $400.
SOL RSI above 30 (oversold) and exchange token withdrawal indicate recovery.
SOL's performance now resembles 2023, analysts cite strong network activity and institutional inflows.
Indonesia Revises Crypto Tax, US Aims to Reduce
Indonesia revises crypto tax, imposing a 0.21% income tax on domestic trading.
This tax targets revenue from Indonesia's crypto market.
The US adopts favorable policies; Trump proposes to eliminate capital gains tax.
