Snapshot — Jul 29, 2026, 7:49 AM UTC
Why was Bitcoin up on Jul 29, 2026, 7:49 AM UTC?
$64,419
▲ +1.57% (24h) · +0.05% (1h)
Bitcoin's modest 1.57% 24h gain appears driven primarily by anticipation of the Fed decision, with analysts noting that "anything remotely dovish" could support the price—though recent ETF outflows and failure to hold above $65K suggest conviction remains weak. The immediate 15min/-0.05% and 1h/+0.05% moves show no directional momentum, indicating traders are likely in a holding pattern ahead of the Fed announcement rather than responding to breaking news.
Sources checked
- Live updates: Bitcoin clears $64,000 in Asia hours ahead of Fed decision
- Company behind AI trade that caused $60 million crypto liquidations to cover all losses
- Citadel bets on a Fed rate hike Wednesday as bitcoin analysts call a hold. Someone will be wrong.
- Bitcoin rises toward $64,000 as Korea's record chip crash leaves crypto untouched
- 'Anything remotely dovish' from Fed could be good for bitcoin, says analyst
- Bitcoin ETFs extend outflow streak as BTC fails to hold $65K