Today's crypto market, Thursday (31/7), is focused on news that the Fed is holding interest rates steady, causing temporary pressure on Bitcoin, which briefly dropped below $116k, while Ethereum is poised to set a new record in August thanks to massive ETF inflows.
On the other hand, Solana fell 10% but is seen as a 'buy the dip' opportunity by analysts. Crypto tax regulations are also in the spotlight: Indonesia revises income tax rates, while the US plans to loosen them. See more insights below:
Table of Contents
The Fed Maintains Stable Interest Rates for the Fifth Consecutive Time
Ethereum: All-Time High in August 2025?
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Solana (SOL) Drops 10% in a Week, Market Signals Buy the Dip
Indonesia Revises Crypto Tax, US Tries to Reduce
The Fed Maintains Stable Interest Rates for the Fifth Consecutive Time
The Fed is predicted to cut interest rates by the end of the year.
Fed Chairman, Jerome Powell: New rate inflation just started.
Bitcoin momentarily dropped below $116,000 due to this development.
Ethereum: All-Time High in August 2025?
ETH price ahead of August is around $3,877, $3,919 triggers Fibonacci breakout.
ETF inflows for ETH in July reached $5.12 billion, showing strong institutional confidence.
The ETH/BTC ratio and EMA signals indicate potential altseason.
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Solana (SOL) Drops 10% in a Week, Market Signals Buy the Dip
Analysts predict SOL will rally, with optimism peaking at $400.
SOL's RSI is above 30 (oversold) and exchange token withdrawals indicate recovery.
SOL's performance now resembles 2023; analysts mention strong network activity and institutional inflows.
Indonesia Revises Crypto Tax, US Tries 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 takes a favorable policy; Trump proposes eliminating capital gains tax.
