Crypto Markets on High Alert as Fed Decision Looms
The cryptocurrency market is entering a crucial phase as investors closely track the Federal Reserve's interest rate decision on July 29, 2026. Bitcoin (BTC), Ethereum (ETH), and XRP are all trading under pressure as traders wait for clarity on monetary policy, inflation concerns, and future rate-cut expectations.
Bitcoin remains locked in a narrow trading range near $63,400, struggling to regain momentum after a broader sell-off across global risk markets. The upcoming Federal Reserve announcement has become the biggest catalyst for crypto markets, with investors preparing for sharp price movements depending on whether policymakers adopt a dovish or hawkish stance.
A successful move above the $65,500 resistance zone could improve Bitcoin's short-term outlook and open the possibility of a move toward $68,000. However, if selling pressure increases after the Fed announcement, BTC could retest its immediate support near $62,500.