Bitcoin Price Bounces Off Hawkish Fed Meeting as Crypto Market Infrastructure Improves

Bitcoin's price has been showing early signs of separating from equities as the crypto market infrastructure, tokenization, and institutional access lay the foundation for its next growth cycle.

In an interview with Scott Melker on July 30, Ophelia Snyder, co-founder of 21Shares, stated that Bitcoin's muted reaction to a hawkish Federal Reserve meeting could indicate it has absorbed much of the selling pressure from nervous investors.

According to Snyder, 'it feels like Bitcoin's oversold to some extent,' and 'the people who want out have gotten out at this pricing.'

The 21Shares co-founder pointed to a gradual global shift away from the US dollar as a reserve asset, increasing central-bank interest in gold, and growing questions about the future composition of national reserves.