📰 Major events and news today (July 29, 2025) 1. Massive sale from Galaxy Digital worth $9 billion (approximately 80,000 Bitcoin) This massive sale was executed by Galaxy Digital on behalf of an early investor, and despite its rare size, it only caused a slight drop in Bitcoin prices (~1%) before rebounding to higher levels, reflecting market maturity and its ability to absorb transactions of this size without significant price disruption.
2. Developments in trade relations between the United States and China. Ongoing trade talks aim to extend the pause on imposing tariffs, which could alleviate global economic uncertainty and improve investor sentiment in financial and crypto markets. However, some experts warn of limited or inconclusive outcomes. 3. Politicians' anticipation of U.S. regulatory announcements.
The White House will soon issue a special report on crypto policies in response to an executive order from President Trump issued in January. Additionally, decisions from the Federal Reserve are expected to be announced tomorrow regarding interest rates, with potential statements from Jerome Powell that could change financial expectations and market trends.
The impact of this news on the market today
Event Measured impact
Massive sale from Galaxy Digital Limited movement, indicating institutional maturity
Trade talks between the US and China Increased likelihood of market sentiment stability
Regulatory and federal anticipation Relative stability with a trend towards awaiting crucial news
Bitcoin rose about 0.2% over 24 hours in anticipation of regulatory and federal news, while Ethereum fell by 0.7%, XRP by about 2.8%, Solana by about 3.8%, and Dogecoin by about 5%.
There is slight pressure from institutional investment flows: strong inflows into Ethereum (~$1.59 billion in a week), while Bitcoin experienced withdrawals of $175 million, reflecting a shift in focus towards ETH as a DeFi platform and institutional growth supporting it. Other systems also recorded total inflows to ETP amounting to $1.9 billion.
