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Crypto

Bitcoin Holds at $64,000 Amid Fed Rate Decision and ETF Inflows

Guavy AI Editorial Team
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July ended with Bitcoin trading at around $64,000, following a volatile reaction to the US Federal Reserve's decision to leave rates unchanged.

The Fed's vote was 9 to 3 in favor of keeping rates between 3.50 and 3.75%, with three committee members calling for a hike.

Capital has continued to flow into spot Bitcoin funds, with a net inflow of $32.1 million on July 29, breaking a streak of outflows.

Ethereum funds lost about $18.65 million, and its market share continues to decline.

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