Bitcoin falls nearly 2% as markets await key crypto policy report

Bitcoin slipped during Friday trading, pressured by large wallet activity and growing caution ahead of the upcoming Federal Reserve meeting, which coincides with the release of a major report on digital asset regulations scheduled for July 30.

The world’s largest cryptocurrency was last seen trading down 1.8% at $116,555.4 as of 12:45 GMT on CoinMarketCap.

This pullback followed a period of relative stability after Bitcoin hit a new record high above $123,000 last week.

Meanwhile, other digital assets also showed weak performance on Friday. While altcoins had posted sharp losses on Thursday, they later stabilized during the same session.

These moves came amid reports of large-scale selling by major wallets ("whales") and profit-taking driven by relatively elevated price levels.

Data from Arkham Intel (Nasdaq: INTC) revealed that Galaxy Digital transferred 3,420 BTC—worth roughly $395 million—to various exchanges within just 20 minutes on Thursday, along with another 250 BTC sent to an unknown address.

Fed meeting and crypto regulatory report in focus

Traders are now turning their attention to the Federal Reserve’s meeting on July 30. While markets largely expect interest rates to remain unchanged, investors will closely analyze central bank officials’ statements for clues on future monetary policy direction.

Meanwhile, White House crypto advisor Beau Hines announced this week that the Digital Assets Working Group has finalized its long-awaited 180-day regulatory policy report, which is set to be released publicly on July 30.

The report—mandated by an executive order issued in January—is expected to include details on the volume of Bitcoin seized by the US government, as well as guidance on how those assets are managed.

It is also anticipated to outline a comprehensive regulatory framework for the cryptocurrency industry in the United States.

Strategy raises preferred stock offering to $2.8 billion – Bloomberg

Bloomberg reported Thursday that Strategy (formerly MicroStrategy), listed on Nasdaq under the ticker MSTR, has significantly raised its preferred stock offering from $500 million to $2.8 billion.

Proceeds are expected to be primarily used to expand the company’s Bitcoin holdings, which have played a central role in its valuation over the past year.

Crypto prices today: Altcoins stabilize after volatile session

Most altcoins posted modest gains on Friday, regaining some stability after Thursday’s sharp losses.

- Ethereum rose 1.8% to $3,623.89

- XRP climbed 2.8% to $3.116

- Solana fell 1.6%

- Cardano added 3.1%

- Polygon advanced 2.8%

In the meme coin segment:

- Dogecoin edged down 0.4%

- $TRUMP token gained 1.7%