Bitcoin Stabilizes at $64,400 Amid Fed Rate Hold

Bitcoin's price stabilized around $64,400 after briefly dipping below $63,270 in early July 30 trading. The Federal Reserve's decision to keep interest rates steady at 3.5-3.75% was met with a muted response from crypto markets, which remain cautious.

Crypto analysts note that the Fed's move reinforces market expectations for guided monetary policy based on incoming economic data rather than predetermined easing cycles.

Avinash Shekhar, Co-Founder & CEO of Pi42, commented on the current market phase, stating: 'The market is witnessing a phase where short-term volatility is being shaped by macroeconomic developments...'