As of July 31, 2025, the Bitcoin price is around $118,400‑118,500, increasing by ~0.3% in the last day.
In light of this, the short-term lull in the market is explained by the decision of the U.S. Federal Reserve to hold rates, which has made investors cautious about risk assets, including BTC. However, today Bitcoin is recovering losses, supported by growing interest in crypto funds — both ETH‑ETF and BTC‑ETF, which contribute to stability above the $118K mark.
On the other hand, greater attention to regulatory innovations — particularly the SEC's decision to allow in-kind transactions with ETFs — improves the overall investment climate, even if it primarily concerns Bitcoin and Ethereum ETFs.
At the same time, the deadline for new tariffs from the Trump administration is approaching, and strong political statements and support for the industry from influential figures (e.g., the Winklevoss twins) are causing fluctuations in market sentiment.
Despite the current conservative moment, technical indicators and waves of ETF-induced inflows of cash assets support the prospect of a potential move to $120,000–123,000 in the second half of August, especially if we see concrete signals from the U.S. Treasury regarding a strategic Bitcoin reserve.
Conclusion:
📌 Bitcoin is holding around $118K, forming a possible support zone. Risks are associated with Fed tightening and geopolitical proposals regarding tariffs, but ETF flows and regulatory clarity may again push BTC to a local record.