Bitcoin Holds $118K After Fed Keeps Rates Steady, ETH Trades Above $3.8K

The cryptocurrency market is showing mixed signals today as investors process the Federal Reserve’s choice to maintain interest rates while preparing for macroeconomic challenges. The cryptocurrency market capitalization has decreased by 3.8%, but Bitcoin has managed to remain above the crucial $118,000 support level, indicating a sense of cautious optimism among traders despite earlier vulnerabilities. Ethereum showed strength, staying above $3,800 despite wider uncertainty caused by upcoming U.S. tariffs scheduled to commence on August 1. Although institutional involvement and recent significant acquisitions provided temporary support, the market is still exhibiting signs of exhaustion, as risk appetite is subdued by worldwide economic worries

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