Bitcoin drops below $116,000 amid redistribution of funds and expectations of Fed's decisions

10:58 - 25.07.2025


July 25, Fineko/abc.az. Bitcoin fell below $116,000 on Friday under pressure from large fund movements and growing caution ahead of the U.S. Federal Reserve meeting, which coincides with the release of a key crypto policy report 30.07.

ABC.AZ reports that the world's largest cryptocurrency was traded 1.8% lower at $115,555.4 as of 09:28 on Baku time.

Bitcoin declined after period of consolidation, hitting an all-time high above $123,000 last week.

Meanwhile, other cryptocurrencies remained subdued on Friday. Altcoins dropped sharply on Thursday, but stabilized later in the session.