Sentiment: Today, the Fed kept interest rates unchanged, although markets had estimated the probability of a rate hike at around 25%. Initially, the cryptocurrency market welcomed this pause positively. However, after the Bitcoin (BTC) price rose to nearly $65,000, it has since retraced to the $63,500 mark.
🧐 If we recall the previous decision on June 17 (when rates were also left unchanged), the circumstances were quite different. The Fed's initial decision not to change the rate at the FOMC meeting appeared as a "bullish" signal, but traders had already priced in these expectations by that time. Over the following two weeks, Bitcoin fell by approximately 9% as the initial optimism faded.
🚀 The market's reaction to Powell's meeting on April 29 was the most unambiguous. His softer stance regarding liquidity concerns helped Bitcoin rise by 9% over the following week—to $82,500.
🧭 Future prospects look promising, but there are no guarantees. The absence of a rate hike removes a serious macroeconomic shock, which benefits risk assets. However, the next real catalyst for cryptocurrencies still largely depends on whether the CLARITY Act will meet expectations or bring disappointment.
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1July 30, 2026 1.9K 1
