Bitcoin rebounds to $64,300; market awaits Fed decisions
2026-07-29 18:41:09
According to CoinMeta, the price of Bitcoin has rebounded to $64,300, but the real trend of the market still depends on the Federal Reserve's interest rate decisions. Today's crypto market performance was mixed; the CoinDesk 20 index has risen by 0.41% since coordination time, with 10 members rising and 10 falling. Bitcoin ($BTC) is currently at $64,512.66, up 0.75% in the past 48 hours, attempting to recover some of the losses from Tuesday. With inflation rates reaching 4.1%, there is a general expectation in the market that the Federal Reserve will raise interest rates for the first time in three years. Meanwhile, the hostile situation between Iran and the United States has temporarily eased, leading to a decline in oil prices and reducing the likelihood of a rate hike. Ethereum ($ETH) fell by 0.13% today. Futures of the S&P 500 and Nasdaq 100 indices both performed positively, gold prices remained above $4,000, and silver rose by 1.40%, indicating that the market is adopting hedging strategies before any announcements are made.
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Source:CoinDesk
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