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Bitcoin rebounds near $64,400 ahead of Fed rate decision with 30% hike odds.

Market News
29 Jul 2026
Bitcoin
View Source
Neutral
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Bitcoin rose about 1.6% to trade near $64,400 after dipping below $63,000 the previous day, as traders positioned themselves ahead of the Federal Reserve's rate decision. Markets are pricing in a 30-35% chance of a rate hike amid sticky inflation and energy prices, creating cautious sentiment. Technical indicators show a neutral stance with key support around $62,500 and resistance near $65,000. Institutional flows and onchain data suggest hesitation, with investors awaiting clearer Fed guidance. The Fed decision and upcoming economic reports will likely drive Bitcoin's next significant move.

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