Bitcoin steadies above $64,000 as crypto looks to Fed interest-rate decision

MarketsBitcoin steadies above $64,000 as crypto looks to Fed interest-rate decisionBTC added 0.75% before the Federal Reserve's rate decision. Inflation at 4.1% keeps an increase firmly on the table even as oil prices ease.By Oliver Knight, Omkar Godbole|Edited by Sheldon Reback Jul 29, 2026, 10:34 a.m. 3 min readMake preferred on ShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShowBitcoin rose 0.75% to $64,328 after a volatile two days, with the market in a holding pattern ahead of a Fed rate decision that could be the first increase in three years.The mood across traditional markets is one of cautious hedging rather than conviction, with S&P 500 and Nasdaq 100 index futures fractionally positive, gold holding above $4,000 and silver up 1.40%.Jupiter (JUP) rose 5.79% to lead a DeFi recovery. FET fell 4.60% on the day and 6.78% over 24 hours as AI tokens continued to unwind last month's gains.The crypto market was mixed before the Federal Reserve’s interest-rate decision later Wednesday. The CoinDesk 20 Index has added 0.41% since midnight UTC, with 10 members advancing and 10 declining.Bitcoin BTC$64,364.00, the largest cryptocurrency, added 0.75% to claw back some of Tuesday's losses after a volatile 48 hours that saw it spike to $66,700 last week before crashing to $62,400 in the wake of the rout in South Korean stocks.Inflation running at 4.1% makes the case for the Fed to raise the fed funds target rate for the first time in three years. Balanced against that, a pause in Iran-U.S. hostilities has taken some of the heat out of oil prices and slightly trimmed the odds of an increase.Ether (ETH) is down 0.13% on the day. S&P 500 and Nasdaq 100 index futures are both positive, while gold holds above $4,000 and silver gained 1.40%, suggesting markets are hedging rather than committing ahead of the announcement.Derivatives positioningSteady positioning ahead of Fed meeting: The crypto taker long-short volume ratio is …

Bitcoin steadies above $64,000 as crypto looks to Fed interest-rate decision

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