Why was Bitcoin up on Jul 29, 2026, 1:40 AM UTC?

Bitcoin is essentially flat in the short term (-0.08% over 1h) despite modest 24h gains (0.88%), suggesting no clear catalyst is driving movement right now. The recent news is mixed and mostly structural (Fed policy speculation, regulatory updates, institutional product launches) rather than immediately price-moving, so this appears to be normal intraday consolidation without strong directional pressure.