Bitcoin Steady Near $64K as Fed Holds Rates Amid Elevated Inflation

Bitcoin held steady near $64,000 on July 29, 2026, after the Federal Reserve decided to maintain its benchmark interest rate at 3.5% to 3.75%, extending a pause that has lasted for five consecutive meetings.

The Fed's decision came despite elevated inflation rates of 4.1%, keeping the possibility of a future rate increase on the table. According to CoinDesk, crypto futures volume increased by 10% to $205 billion over the previous 24 hours, but open interest in Bitcoin remained steady near 750,000 BTC.

Bitcoin's price reaction reflected a broader pattern: the cryptocurrency has fallen after eight of the last nine Federal Open Market Committee meetings. Analysts tracking historical FOMC outcomes noted this precedent, making traders cautious around Fed decisions, even when rate holds are widely expected.