Crypto Price Analysis 7-31: BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, ARBITRUM: ARB, CURVE: CRV

The crypto market recorded a marginal increase over the past 24 hours as the Federal Reserve left interest rates unchanged between 4.25% and 4.50%. Federal Reserve Chair Jerome Powell cited elevated inflation and low unemployment as reasons to postpone rate cuts. The crypto market’s reaction was mixed, with Bitcoin (BTC) and Ethereum (ETH) trading in positive territory, while others, such as Ripple (XRP) and Solana (SOL), were trading flat. 

BTC registered a sharp drop early on as it fell below $117,000 to a low of $116,000. However, it rebounded to reclaim $118,000 and move to its current level. The flagship cryptocurrency is marginally up over the past 24 hours, trading around $118,330.

ETH also registered substantial movement over the past 24 hours, as it dipped to a low of $3,691 before rebounding to reclaim $3,800. The world’s second-largest cryptocurrency is trading around $3,858, up over 1% over the past 24 hours. Ripple (XRP) traded flat, with the price marginally down at $3.13, while Solana (SOL) is down 0.50% as it struggles to stay above $180. Dogecoin (DOGE) is down almost 1%, while Cardano (ADA) is down 0.55% at $0.780. However, Stellar (XLM), Chainlink (LINK), Hedera (HBAR), Litecoin (LTC), and Toncoin (TON) traded in positive territory. Polkadot (DOT) is down 0.30%, trading at $3.86.

Federal Reserve Keeps Interest Rates Steady

US stock indices traded in positive territory after the Federal Reserve kept interest rates steady between 4.25% and 4.50%. Market experts had expected the Fed to keep rates unchanged, citing low unemployment and elevated inflation. However, the vote was split, with Trump appointees Michelle W. Bowman and Christopher J. Waller pushing for a rate cut. The Dow Jones rose 0.03% following the decision, while the S&P 500 and Nasdaq rose 0.46%. The Fed kept rates steady despite President Donald Trump putting pressure on Fed Chair Jerome Powell to lower interest rates. Most recently, Trump highlighted GDP growth figures to push for lower interest rates.

“MUST NOW LOWER THE RATE. No Inflation! Let people buy and refinance their homes.”

Robinhood Doubles Revenue In Q2 2025

Robinhood’s crypto business has generated $160 million in revenue for Q2 2025, a 98% year-over-year increase. However, it also reflects a 36% decline from the $252 million reported in Q1 2025, highlighting the broad impact of slowdowns and geopolitical tensions on the crypto market. Crypto trading played a crucial role in Robinhood’s financial performance this quarter, despite a decline compared to Q1. The platform reported $989 million in total revenue for the second quarter, 7.4% higher than analyst estimates, and a 45% year-over-year increase.

The platform processed over $28 billion in crypto trading volume during Q2, attributing the quarter-over-quarter decline to broader market headwinds like ongoing trade wars and low retail risk appetite. However, Robinhood’s purchase of Bitstamp is expected to strengthen its global crypto infrastructure moving forward. It also expanded its product lineup, introducing options for retail users, allowing them to earn passive income by launching Ethereum and Solana staking for US-based customers.

White House Releases Crypto Report

President Donald Trump’s Working Group on Digital Assets has released its long-awaited crypto report. The report outlines policy recommendations for regulating crypto in the US, including a crypto market structure, jurisdictional oversight, banking regulations, promoting US dollar hegemony through stablecoins, and taxation of cryptocurrencies. The report also establishes a “taxonomy” of digital assets by clearly defining which cryptocurrencies are securities and which are commodities. It recommends that jurisdictional oversight over digital assets be shared by the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC), with the CFTC maintaining oversight over spot crypto markets.

It also recommended collaboration between the SEC and the CFTC on crypto oversight, with commodity tokens being governed by the CFTC, while tokens deemed securities are governed by the SEC. SEC Chair Paul Atkins responded to the report, stating,

“A rational regulatory framework for digital assets is the best way to catalyze American innovation, protect investors from fraud, and keep our capital markets the envy of the world.”

Kraken Q2 Earnings Dip

Cryptocurrency exchange Kraken has reported $411 million in revenue in Q2 2025, an 18% increase compared to Q2 2024. However, its adjusted earnings reported a 7% year-over-year decline from $85.5 million in Q2 2024 to $79.7 million in Q2 2025. Kraken’s assets jumped 47% to $43 billion, while funded accounts registered a 37% increase to $4.4 million. The platform’s stablecoin-to-fiat market share also grew from 43% to 68%. The cryptocurrency platform’s earnings report comes as it looks to raise $500 million at a $15 billion valuation. Kraken plans to go public in 2026.

The platform attributed the drop in adjusted earnings to macroeconomic uncertainties related to US tariffs. It also claimed it is in “build mode,” and is broadening its offerings beyond crypto. Kraken has introduced several new features and offerings in recent months. It launched US equities trading on its app, allowing users to manage their stocks and crypto in one place. It also introduced 24/7 FX perpetual features and xStocks, a suite of tokenized blue-chip equities and ETFs.

Cboe, NYSE Arca File Rule Change Request

The Chicago Board Options Exchange (Cboe) and NYSE Arca have filed a rule change request with the United States Securities and Exchange Commission (SEC) to allow crypto fund issuers to list products under a unified framework. ETF analyst Nate Geraci reported the ETF, noting that the proposed rule change could streamline the approval process for crypto ETFs. If passed, issuers will no longer be required to request specific approvals for each crypto ETF as long as it meets specific criteria. Under current ETF regulations, crypto exchanges are required to file a Form 19b-4 for each new cryptocurrency offering. The filing is then reviewed by the SEC, which is often a long and complex process. The filing comes a day after the SEC approved in-kind creations and redemptions for crypto ETFs.

JPMorgan Introduces Crypto Purchases With Coinbase Partnership

JPMorgan Chase has announced a partnership with Coinbase to introduce crypto integrations, a significant step in bridging traditional finance and digital assets. The partnership enables Chase credit cardholders to use their credit cards to purchase cryptocurrency on Coinbase. JPMorgan customers will also be able to redeem their Chase Ultimate Rewards Points for USDC. According to Coinbase, this will be the first major credit card rewards program redeemable for crypto. The exchange stated in an announcement,

“For the first time, points from a major credit card rewards program will be redeemable for crypto rewards.”

The integration is part of a wider push into crypto by JPMorgan. CEO Jamie Dimon had announced plans to enter the stablecoin ecosystem, a move driven by growing competition with other fintech companies. Dimon had said at the time,

“We’re going to be involved in both JPMorgan deposit coin and stablecoins to understand it and be good at it.”

Bitcoin (BTC) Price Analysis

Bitcoin (BTC) is back in positive territory during the ongoing session, after registering a substantial decline over the past few days. The flagship cryptocurrency fell to a low of $115,760 on Wednesday as markets waited for Fed Chair Jerome Powell’s press conference following the FOMC meeting. BTC has struggled to build momentum in recent sessions, as it remains rangebound between $116,000 and $120,000. For the moment, traders have given up on cracking the $120,000 level.

BTC’s recent price weakness has sparked concerns about a drop to $110,000 or lower. The flagship cryptocurrency traded above $118,000 on Monday but has gradually slipped lower, dropping to $117,925 on Tuesday and $117,788 on Wednesday before rebounding during the ongoing session. BTC had crossed $119,000 on Tuesday despite signs of a fresh BTC sale by Galaxy Digital. Traders have warned that any downside could snowball and drive prices towards $110,000 or lower. One popular trader noted on X,

“We’ve got bear divs, everyone expects up, would make more sense to push down before a potential move higher.”

Trading resource Material Indicators also highlighted the potential for new lows, stating,

“If $116,750 doesn’t hold, the $110k range may come into focus quickly.”

However, CryptoQuant highlighted improving consumer confidence data as a reason for optimism, strengthening the bull case scenario for risk assets. The analytics platform stated,

“Today’s JOLTS data, coming in slightly below expectations, provided a ‘not too hot, not too cold’ signal for the markets. This creates a positive environment for risk assets. Additionally, the better-than-expected Consumer Confidence data signals a reversal after a 6-month decline, showing growing investor optimism about the future.”

The analytics platform also stated that BTC upside remained intact due to a lack of sell-side pressure.

“Even as the price approaches the $120,000 level, we are not seeing a massive profit realization event on the Net Realized Profit and Loss (NRPL) chart that could signal a top. This is a very positive sign. It means investors are not rushing to take profits, showing strong conviction that the move will continue.”

BTC traded in the red over the previous weekend, registering a marginal decline on Saturday and dropping 0.48% on Sunday to settle at $117,240. The price recovered on Monday, reaching an intraday high of $119,603. However, it lost momentum after reaching this level and settled at $117,402, ultimately registering a marginal increase. Bullish sentiment intensified on Tuesday as BTC rallied, rising over 2% to cross $119,000 and settle at $119,982. The price lost momentum on Wednesday, dropping 0.99% to a low of $117,321 before settling at $118,794. Sellers retained control on Thursday as BTC registered a marginal decline, falling 0.35% to $118,381. Selling pressure intensified on Friday as the price plunged to an intraday low of $114,779. However, it rebounded from this level to reclaim $117,000 and settle at $117,565.

Source: TradingView

BTC recovered over the weekend, rising 0.24% on Saturday and 1.31% on Sunday to reclaim $119,000 and settle at $119,398. However, it was back in the red on Monday, starting the week with a 1.12% drop to $118,064. BTC registered a marginal decline on Tuesday and fell to an intraday low of $115,760 on Wednesday as selling pressure intensified. However, it recovered to settle at $117,788, registering a marginal decline. The current session sees BTC up almost 1%, trading around $118,638.

Ethereum (ETH) Price Analysis

Ethereum (ETH) has completed a decade of existence, and celebrates this milestone by reclaiming $3,800. The world’s second-largest cryptocurrency has struggled over the years, but recent developments could change its trajectory for good. ETH’s latest rally is a sign of things to come, fueled by institutional interest instead of NFTs and meme coins. The altcoin has become very attractive to institutional investors due to legislation around stablecoins, most of which are issued on Ethereum. Circle’s June IPO also bolstered ETH, and so has the recent influx of ETH treasury firms and corporate entrants.

Ethereum ETFs, which looked like dead investments not too long ago, have amassed $9 billion in net inflows thanks to ETH’s latest resurgence. Avichal Garg, co-founder and general partner at Electric Capital, stated,

“ETH today is roughly where bitcoin was in January 2019 – that’s when bitcoin turned 10. It’s not a surprise that after 10 years of uptime, that’s just how long it takes for people to get their heads around this. I suspect the next four to five years are where ETH has its institutional arc, the same way that bitcoin did between 2019 and 2024.”

ETH traded in positive territory the previous weekend, rising 1.31% on Saturday and 4.51% on Sunday to cross $3,700 and settle at $3,757. Buyers retained control on Monday despite losing momentum as ETH registered a marginal increase and settled at $3,764. The price registered a marginal decline on Tuesday, falling to $3,747. Selling pressure intensified on Wednesday as ETH plunged to an intraday low of $3,531 before reclaiming $3,600 and settling at $3,629, ultimately registering a drop of over 3%. The price recovered on Thursday, rising over 2% to reclaim $3,700 and settle at $3,707. Buyers retained control on Friday despite selling pressure, with the price registering a marginal increase and moving to $3,726.

Source: TradingView

ETH continued pushing higher over the weekend, rising 0.46% on Saturday and 3.53% on Sunday to cross $3,800 and settle at $3,875. Despite the positive sentiment, ETH lost momentum on Monday, dropping over 2% to $3,796. The price registered a marginal decline on Tuesday before recovering on Wednesday, registering a marginal increase to settle at $3,811. The current session sees ETH up 1.30%, trading around $3,860. Buyers will look to retain control and push the price beyond $3,900.

Solana (SOL) Price Analysis

Solana (SOL) held $180 despite facing substantial selling pressure on Wednesday. The altcoin plunged to a low of $170 on Thursday before rebounding to $177. While SOL steadies itself above $180, institutional interest in the asset has continued, with Cboe BZX submitting a formal proposal to the SEC for approval to list shares of the Invesco Galaxy Solana ETF. The filing was submitted on Monday as a joint venture between global asset manager Invesco and Galaxy Digital. The fund would offer investors regulated access to SOL through traditional securities markets.

SOL has declined in recent sessions. The altcoin started the previous weekend with a marginal drop. However, it recovered on Sunday, rising 2.48% to cross $180 and settle at $181. Bullish sentiment intensified on Monday as SOL rallied, rising nearly 8% to cross $190 and settle at $195. The price continued pushing higher on Tuesday, rising over 5% to cross $200 and settle at $205. Despite the positive sentiment, SOL lost momentum on Wednesday, dropping 7.92% to $189. Sellers retained control on Thursday as the price fell 3.46% and settled at $182. SOL fell to an intraday low of $175 on Friday as selling pressure intensified. However, it rebounded from this level to reclaim $180 and settle at $186, ultimately registering a 2.13% increase.

Source: TradingView

Price action was mixed over the weekend as SOL registered a 0.99% drop on Saturday before rising 2% on Sunday to settle at $188. The altcoin was back in the red on Monday, dropping over 3% to $183. Sellers retained control on Tuesday as the price fell 0.84% to $181. SOL plunged to an intraday low of $170 on Wednesday before rebounding to settle at $177, ultimately dropping 2.06%. The current session sees SOL up 2,52%, trading around $182.

Arbitrum (ARB) Price Analysis

Arbitrum (ARB) faced substantial volatility the previous weekend as buyers and sellers struggled to establish control. However, buyers gained the upper hand as the price rose 2.76% on Saturday and almost 4% on Sunday, settling at $0.483. Buyers retained control on Monday as the price reached an intraday high of $0.510. However, it lost momentum after reaching this level and settled at $0.485, ultimately registering a marginal increase. Selling pressure returned on Tuesday as ARB fell to a low of $0.453 before settling at $0.482. Bearish sentiment intensified on Wednesday as the price plunged over 10% to $0.433. Sellers retained control on Thursday as ARB fell 0.67% to $0,430. ARB recovered on Friday, rising almost 3% to $0.443.

Source: TradingView

Price Action remained positive over the weekend as ARB rose 1.22% on Saturday and almost 3% on Sunday to settle at $0.460. Despite the positive sentiment, ARB lost momentum on Monday, dropping nearly 6% to $0.434. Sellers retained control on Tuesday as the price fell over 2% to $0.425. It continued to fall on Wednesday, dropping to a low of $0.393 before recovering to settle at $0.415, ultimately declining 2.28%. The current session sees ARB up over 3%, trading around $0.428.

Curve (CRV) Price Analysis

Curve (CRV) started the previous week in the red, dropping 0.85% on Monday and settling at $0.956. The price rebounded on Tuesday, rising over 4% to $0.995. CRV reached an intraday high of $1.04 on Wednesday. However, it lost momentum after reaching this level and dropped almost 6% to $0.937. The price recovered on Thursday, rising 1.55% to $0.951, but not before reaching an intraday high of $1.03. Bullish sentiment intensified on Friday as CRV rallied, rising nearly 9% to cross $1 and settle at $1.03.

Source: TradingView

CRV continued pushing higher on Saturday, registering an increase of over 6% and settling at $1.09. However, it lost momentum on Sunday, dropping almost 7% to end the weekend at $1.02. CRV started the current week in the red, falling 1.56% to $1. Selling pressure persisted on Tuesday as the price dropped almost 2% and settled at $0.987. CRV recovered on Wednesday, rising over 4% to reclaim $1 and settle at $1.02. The current session sees the price marginally down as buyers and sellers struggle to establish control.