Two Upcoming Decisions Could Shake Crypto Markets This Week

The final days of July could bring critical developments that reshape investor sentiment and influence the next leg of the crypto market’s trend.

With major decisions looming in both monetary policy and regulatory oversight, traders are bracing for potential volatility — and opportunity.

FOMC Meeting – July 30

All eyes will be on the Federal Reserve as it announces its latest interest rate decision. Markets are currently pricing in a 40% chance of two rate cuts by December, reflecting growing expectations that the Fed will begin easing policy.

For crypto markets, this decision could be pivotal. A dovish signal or clear roadmap for future cuts may inject fresh liquidity into risk assets like Bitcoin and Ethereum. Conversely, a more hawkish stance or delayed easing could weigh on sentiment and trigger short-term volatility. Traders are closely monitoring Bitcoin’s correlation with traditional indexes like the S&P 500 (SPY) and Nasdaq (QQQ), both of which tend to react strongly to Fed signals.

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Grayscale ETF Decision – July 31

The following day, the SEC faces a critical deadline to approve or deny Grayscale’s proposal to convert its $730 million Digital Large Cap Fund into a spot ETF. This fund holds a blend of major assets including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP.

A green light from regulators would mark a milestone in altcoin ETF development, opening the door to broader institutional access beyond just Bitcoin. Analysts see this as a test case for whether altcoins are ready to enter the ETF era, potentially setting precedent for other multi-asset or single-altcoin ETFs down the road.

If both events tilt positively, they could spark a wave of new inflows into crypto — but mixed signals may keep markets cautious through month-end.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.