Fed Rate Hold Sends Bitcoin Soaring, Bond Yields Rise

The US Federal Reserve decided to keep interest rates unchanged for the fifth time in a row. This decision sent shockwaves through the financial markets, particularly Bitcoin, which shot up to $64,400 on July 30, 2026.

This was expected by some as most policymakers agreed with the hold, but a few pushed for a hike, hinting that things might tighten up in September. The move stirred up bond yields, sending the 30-year Treasury yield to its highest point since 2007.

The rest of the crypto world had a mixed day: Ethereum climbed past $1,900, while coins like Pin and Uniswap saw solid gains. However, KAITO and Audiera dropped noticeably. Analysts are urging caution as sentiment cools off, with some expecting pain for the crypto sector.