Bitcoin Holds Steady Ahead of Fed Minutes Release

The Bitcoin price sits at $64,430.78, up 0.37% in the past 24 hours, as traders wait for the release of the Fed FOMC minutes today.

The market cap is at $1.29 trillion, while the crypto market as a whole is worth $2.19 trillion. The Fear and Greed Index has reached 41, indicating a neutral sentiment in the market.

The upcoming minutes from the July 28-29 meeting of the Fed will provide insight into the central bank's stance on interest rates and inflation, which could impact the price of Bitcoin.

BlackRock's research team has taken a cautious but steady tone when discussing Bitcoin, citing reasons behind its drop in value last year. They see a small stake in Bitcoin as a hedge against fiat losing value over time.