Crypto's resilience tested as oil rises after Iran strikes, Fed signals rates could still rise

MarketsCrypto's resilience tested as oil rises after Iran strikes, Fed signals rates could still riseBitcoin held near $64,000 despite the Fed's hawkish split, Iranian ballistic missiles and an 8% surge in oil overnight that sent the Dow down 2.2% and the Nasdaq to a three-month low.By Oliver Knight, Omkar Godbole|Edited by Sheldon Reback Jul 30, 2026, 10:56 a.m. 3 min readMake preferred on ShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShowThe Fed held rates steady on Wednesday, but three committee members voted to raise them. Rabobank said that rate-hike speculation will resurge in the coming weeks.Iran launched multiple ballistic missiles at U.S. troops. All were intercepted and Trump vowed to respond "hard." Oil rose.Bitcoin's little-changed reading at $63,915 is arguably the session's most telling data point, with DeFi tokens rising. The crypto market is showing resilience on Thursday, with bitcoin BTC$64,490.60 trading little changed at $63,915 and ether dropping just 0.25% since midnight UTC after what might be seen as a difficult session for global risk assets on Wednesday.The calm, however, masks erratic back-and-forth price swings around the Federal Reserve’s interest rate meeting that flushed out leveraged futures bets, triggering heavy liquidations. While the rate remained unchanged, three committee members voted for an increase. Higher rates reduce the attractiveness of risky assets.About $286 million in positions were liquidated in 24 hours, according to CoinGlass. Longs accounted for $186 million and shorts $100 million, a balance that signals a market that moved hard in both directions and settled back where it started.Hours after the FOMC decision, Iran launched multiple ballistic missiles at U.S. troops, prompting President Donald Trump to vow to hit Iran "hard" in response. Oil surged, erasing Monday’s declines, and U.S. equities fell. Still, S&P 500 and Nasdaq index futures are now slightly posit…

Crypto's resilience tested as oil rises after Iran strikes, Fed signals rates could still rise

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