Bitcoin price retargets $119K as treasuries buy 28K BTC in two days

Cointelegraph ^ | 07/31/2025 | William Suberg

[SeekAndFind]

Key points:

* Bitcoin ditches its latest dip as strategic reserve hopes replace nerves over Federal Reserve policy.

* BTC price aims for $119,000, gaining nearly 3% versus FOMC meeting lows.

* Corporate Bitcoin treasuries add almost 30,000 BTC of exposure in just 48 hours despite market volatility.

Bitcoin saw a snap rebound Thursday as markets swapped Federal Reserve angst for strategic reserve excitement.

Bitcoin traders eye strategic reserve as rate cut bets dive

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD bouncing nearly 3% from Wednesday’s local lows.

These had accompanied a more hawkish than expected Federal Reserve meeting on interest rates.

Chair Jerome Powell stayed tight-lipped on future rate cuts after the Federal Open Market Committee (FOMC) held rates at current levels. This included any hint of policy relaxation at the next meeting in September.

“Although swings in net exports continue to affect the data, recent indicators suggest that growth of economic activity moderated in the first half of the year,” Powell summarized in an accompanying press statement.

“The unemployment rate remains low, and labor market conditions remain solid. Inflation remains somewhat elevated.”

Data from CME Group’s FedWatch Tool showed market expectations adjusting to the tone, now favoring rates being held in two months’ time.

Powell added that employment data was more important going forward amid misgivings over continued labor market strength. Initial jobless claims were due Thursday, alongside the Fed’s “preferred” inflation gauge, the Personal Consumption Expenditures (PCE) index.

The FOMC result saw Powell ignore pressure from US President Donald Trump to lower rates or resign, telling reporters that he had “no updates” on the latter option.

No sooner had the event ended, however, than Robert “Bo” Hines, the executive director of the President’s Council of Advisers on Digital Assets, came to the rescue.

[SeekAndFind]

The White House, Robert “Bo” Hines, the executive director of the President’s Council of Advisers on Digital Assets said, was still planning a strategic Bitcoin reserve and would begin “in short order.”

[Organic Panic]

Keep the government out of the free market.

[PeterPrinciple]

Folks,

eyes to see. The bit coins were started as medium of exchange, yet in the real world they are treated as a lottery ticket or tulips.

[E. Pluribus Unum]

In before the “tulips” pod people.

[E. Pluribus Unum]

No, I wasn’t.

[aMorePerfectUnion]

If YOU would like to be on a CRYPTO PING LIST, please pm me.

The Crypto Ping List covers the following:

Bitcoin
Ethereum
Other coins built on the Ethereum blockchain mining
etc.

Thanks! For it - or ag'in it, it'll be a wild ride.

[Republican Wildcat]

[Drago]

Another reason to practice “self-custody” of your crypto (or “digital assets” as the IRS calls it)...reasons listed at the links below (unless you like paying Cap Gains taxes!). Keep away from “KYC” exchanges like CoinBase or Kraken and keep personal control of your private keys.

https://www.fingerlakes1.com/2025/06/13/irs-extends-relief-brokers-form-1099-da-digital-assets/

and

https://www.irs.gov/instructions/i1099da

The first “1009-DA” forms go out in January 2026 covering 2025 transactions. See:

https://youtu.be/FPYpo4uDjPM?si=e4xqTTN_YKswnkt4

Use a decentralized exchange or a decentralized buying/selling service like “Bisq” for privacy. Something like the “Wasabi Wallet” for “Coinjoin”/”Whirlpool mixing” of BTC to obfuscate the UTXO’s of your previously purchased non-private/KYC exchange purchased Bitcoin.

[Mount Athos]

I’m not sure who you’re talking about but it’s just hilarious to call them “pod people”. From invasion of body snatchers right?

[KC_Conspirator]

Thats what the BTC old schoolers use to want, but the new folks now they apparently are waiting around for the gov.