'Anything remotely dovish' from Fed could be good for bitcoin, says analyst

Markets'Anything remotely dovish' from Fed could be good for bitcoin, says analystTraders are divided on whether the Fed will hike rates, but analysts said crypto may be less exposed than AI-driven tech stocks.By Krisztian Sandor|Edited by Stephen Alpher Jul 28, 2026, 8:23 p.m. 2 min readMake preferred on ShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShowBitcoin has held steady above $63,000 and is up about 6% for the month even as AI-linked tech and semiconductor stocks have slumped.Traders are split ahead of Wednesday’s Federal Reserve decision, with markets pricing roughly a 30 percent chance of a rate hike.Analysts say bitcoin’s correlation with equities has weakened, suggesting this week’s Fed meeting may have a smaller impact on the cryptocurrency than on traditional risk assets.Markets are split on whether the Federal Reserve will hike rates or stay on hold on Wednesday, but analysts say bitcoin BTC$63,845.99 may be less vulnerable than AI-driven tech stocks.Bitcoin BTC$63,845.99 recovered from its intra-day losses to trade flat just below $64,000 on Tuesday, while AI-linked technology stocks stumbled again ahead of one of the most uncertain Fed meetings in years.Markets currently price a 70% probability that the Fed leaves rates unchanged on Wednesday and a 30% chance of a surprise 25-basis-point hike, CME FedWatch data shows. The split reflects Chair Kevin Warsh's reduced use of forward guidance, leaving investors with less clarity on the central bank's next move, according to derivatives analytics firm Block Scholes."Tomorrow's FOMC meeting, Kevin Warsh's second as chairman of the Fed, is one of the most uncertain in years," said Thahbib Rahman, research analyst at Block Scholes. Looking at every Fed meeting since 2015, he noted that only two have seen markets more divided over the outcome.Signs of decouplingEven with that uncertainty hanging over markets, bitcoin has largely held its ground in July while…

'Anything remotely dovish' from Fed could be good for bitcoin, says analyst

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