Crypto Market Sees Moderate Rebound Amid Investor Caution

The crypto market rebounded moderately in July, with Bitcoin rising 7.36% despite investor caution signaled by the Fear and Greed Index.

Analysts at Glassnode and CryptoQuant noted market consolidation, lower trading activity, and shrinking exchange reserves of Bitcoin, while Santiment reported active whale buying.

The Federal Reserve's decision to keep interest rates unchanged after its FOMC meeting temporarily pushed Bitcoin down to $63,500, but the asset later partially recovered its losses.

Michael Saylor reiterated his claim that Bitcoin has the potential for multiple-fold growth over the long term.