Ethereum Tumbles Amid Fed Policy Uncertainty and Higher Treasury Yields

Ethereum (ETH) traded under pressure on July 29 as investors adopted a cautious approach ahead of the U.S. Federal Reserve's interest rate decision.

The cryptocurrency recovered modestly during intraday trading, but overall market sentiment remained fragile due to concerns over the Fed's policy outlook and higher U.S. Treasury yields.

Ethereum traded at around $1,916.18 on July 29, reflecting a 2.24% gain over the previous 24 hours.