{"id":305447,"date":"2025-07-31T02:15:14","date_gmt":"2025-07-31T02:15:14","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/305447\/"},"modified":"2025-07-31T02:15:14","modified_gmt":"2025-07-31T02:15:14","slug":"fomc-rate-cuts-loom-altcoins-lose-50b-but-bitcoin-eyes-130k","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/305447\/","title":{"rendered":"FOMC rate cuts loom: Altcoins lose $50B, but Bitcoin eyes $130K"},"content":{"rendered":"

\t\t\t\t\t\t\t\tKey Takeaways\u00a0<\/strong><\/p>\n

There was a pre-FOMC meeting risk-off move, with top altcoins and memecoins dropping 3%-10%. But an analyst expected a potential bullish catalyst ahead of inflation data and the White House crypto report.\u00a0<\/p>\n

A few hours before the U.S. Federal Open Market Committee (FOMC) rate cuts meeting, the crypto market witnessed slight de-risking, especially among altcoins.<\/p>\n

But there were other macro data and expected updates that could further impact crypto this week.\u00a0<\/p>\n

The altcoin unwind followed Bitcoin\u2019s [BTC]<\/a> sharp dip to $116.95k on the 29th of July. <\/p>\n

As of press time, however, BTC was back above $118k, but the altcoins were yet to mark a clear direction ahead of the Fed rate decision.\u00a0<\/p>\n

Will altcoins recover after the Fed rate decision?<\/strong><\/p>\n

In the past 24 hours, Bonk [BONK]<\/a> topped the list of sell-offs with a 10% dump, while Pepe [PEPE]<\/a> and Dogecoin [DOGE]<\/a> shed 4% and 3% respectively.\u00a0<\/p>\n

\"FOMC<\/a><\/p>\n

Source: CryptoRank<\/p>\n

Among the top layer 1 chains, Binance coin [BNB]<\/a> declined 3%, followed by Cardano [ADA]<\/a> at 2.6% and Solana [SOL]<\/a> at 2.2%.\u00a0<\/p>\n

The overall altcoin market lost $50 billion in the past 48 hours after dropping from $1.57 trillion to $1.52 trillion.\u00a0<\/p>\n

Over the same period, the de-risking also triggered a slight dip in aggregated Open Interest (OI) across all exchanges and all crypto assets, from $101 billion to $97 billion.\u00a0<\/p>\n

\"FOMC<\/a><\/p>\n

Source: Coinalyze<\/p>\n

In particular, the combined OI in top altcoins (ETH, SOL, XRP, DOGE) shrank from $42.5 billion to $41 billion, further underscoring that some traders opted for the sidelines ahead of expected volatility during the Fed rate decision.<\/p>\n

Ripple [XRP]<\/a> alone has seen over $2B OI wiped out in the past seven days of trading, cementing the risk-off narrative.<\/p>\n

\"FOMC<\/a><\/p>\n

Source: Glassnode<\/p>\n

Next potential catalysts for alts<\/strong><\/p>\n

Even so, Matt Mena, crypto research strategist at asset manager 21Shares, held a somewhat bullish outlook ahead of the Fed rate decision and key inflation data (PCE) expected on the 31st of July.\u00a0<\/p>\n

In an email statement to AMBCrypto, Mena said the Fed will hold interest rates steady in July, but there is a higher probability of a 25 bps rate cut in September could fuel<\/a> a BTC rally.\u00a0<\/p>\n

\n

\u201cBut the path beyond July is more open: the market sees a 61.6% chance of a cut in September, and odds of two cuts by year-end now sit at 42.9%.\u201d<\/p>\n<\/blockquote>\n

On Thursday\u2019s inflation data, the White House crypto report, and potential impact, Mena added,\u00a0<\/p>\n

\n

\u201cIf Thursday\u2019s PCE print comes in soft \u2013 and if the crypto policy report offers real substance \u2013 BTC could quickly reclaim $120K and push into price discovery.\u201d\u00a0<\/p>\n<\/blockquote>\n

Mena further projected that BTC could surge to $130K and extend to $150K by the end of September, if a strategic BTC reserve is declared in the crypto report.\u00a0<\/p>\n

\t\t\t\t\t\t\t\t\t\t\tNext: Is Bitcoin ready to break $119K? \u2013 What THIS macro indicator tells us<\/a>\t\t\t\t\t\t\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Key Takeaways\u00a0 There was a pre-FOMC meeting risk-off move, with top altcoins and memecoins dropping 3%-10%. But an…\n","protected":false},"author":2,"featured_media":305448,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[52,51,16,15],"class_list":{"0":"post-305447","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-ambcrypto","9":"tag-business","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114945440624883233","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/305447","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=305447"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/305447\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/305448"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=305447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=305447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=305447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}