Snapshot — Jul 29, 2026, 11:55 AM UTC
Why was Bitcoin up on Jul 29, 2026, 11:55 AM UTC?
$64,432
▲ +1.59% (24h) · -0.19% (1h)
Bitcoin's modest gains (1.59% over 24h) appear driven primarily by anticipation of the Fed interest-rate decision mentioned in multiple headlines—lower rates typically support risk assets like crypto. The tight intraday movements (±0.19% hourly) suggest the market is in a holding pattern awaiting this Fed announcement, with the other news items (regulatory approvals, TradFi expansion) likely secondary factors.
Sources checked
- 3 reasons Wednesday's Fed meeting is pivotal for BTC
- Bitcoin steadies above $64,000 as crypto looks to Fed interest-rate decision
- 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
- Crypto TradFi grows fivefold to $6.6B as exchanges expand into stocks, commodities: Report
- Hungary repeals crypto checks as first MiCA license is granted