Bitcoin Surges Past $65K as Fed Keeps Rates Steady

Bitcoin's price surged past $65,000 following the Federal Reserve's decision to keep interest rates steady. The cryptocurrency briefly reached a daily high of $65,100 before settling near $64,700. This marked over a 10% gain for July and pushed its market capitalization to $1.3 trillion.

The market experienced significant volatility and liquidations exceeding $243 million, influenced by geopolitical tensions and economic data. Continued geopolitical risks and rising crude oil prices could pressure the Fed to raise rates, potentially impacting Bitcoin's price trajectory.