Bitcoin News Today: Crypto Market Plunges 4.8% as Fed Uncertainty Looms – ETFs Defy Trend with $79.98M Inflows
The cryptocurrency market faced a turbulent session today, with Bitcoin and major altcoins sliding amid Federal Reserve uncertainty. Despite the downturn, institutional interest remains robust, as evidenced by $79.98 million flowing into Bitcoin ETFs. Here’s what you need to know about today’s crypto market movements.
Bitcoin News Today: Market-Wide Decline Hits Crypto Assets
The crypto market cap dropped 4.8% to $3.95 trillion, with 92 of the top 100 cryptocurrencies in the red. Key developments:
- Bitcoin (BTC) trading at $118,159 (-2.3%)
- Ethereum (ETH) at $3,817 (-1.8%)
- XDC Network (XDC) gained 9.4%
- Bonk (BONK) plunged 11.2%
Fed Uncertainty Weighs on Crypto Market Sentiment
Investors remain cautious ahead of the Federal Reserve’s rate decision and key economic reports. Market expectations:
| Scenario | Probability |
|---|---|
| Rate hold | 90% |
| September cut | 50-60% |
ETF Inflows Defy Market Downturn with $79.98M
Institutional players continue accumulating crypto exposure through ETFs:
- U.S. Bitcoin ETFs: $79.98M inflow (BlackRock $157.55M)
- Ethereum ETFs: 18-day inflow streak ($218.64M today)
- Total crypto ETF inflows: $64.68 billion
Institutional Adoption Grows Despite Market Volatility
Michael Saylor’s Strategy raised $2.521 billion in largest 2025 U.S. IPO, acquiring 21,021 BTC. The company now holds 628,791 BTC at average $73,277.
What’s Next for the Crypto Market?
Analysts view this as a short-term correction rather than a long-term downturn. Key factors to watch:
- Fed rate decision and economic data
- SEC developments on ETF processes
- Institutional accumulation patterns
- Altcoin utility in DeFi and AI sectors
As Ignacio Palomera of Bondex advises: “This is a marathon, not a sprint.” The coming weeks will provide clearer signals about the market’s direction.
Frequently Asked Questions
Q: Why is the crypto market down today?
A: The 4.8% decline stems from Fed uncertainty and profit-taking after recent gains, though institutional inflows continue.
Q: Are Bitcoin ETFs still attracting investments?
A: Yes, U.S. Bitcoin ETFs saw $79.98M inflows despite the market drop, with BlackRock leading.
Q: What’s the outlook for Bitcoin price?
A: Analysts see this as a healthy correction, with reduced volatility signaling Bitcoin’s maturation as an asset class.
Q: How are institutions responding to the dip?
A: Major players like MicroStrategy continue accumulating, with the recent $2.5B IPO demonstrating strong institutional confidence.
