Bitcoin Holds Firm as Tech Stocks Plummet Ahead of Fed Decision

Bitcoin's price held firm near $64,300 on July 29th, despite sharp declines in Asian chip stocks, including South Korea's Kospi index. The tech sell-off has raised concerns about the sustainability of current AI-related infrastructure spending levels.

The Federal Reserve interest rate decision is due later today, and economists expect no change to the benchmark rate. However, past performance is not a reliable indicator of future results, and cryptoassets remain highly volatile.