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Bitcoin rises to $64,400 as Fed holds interest rates steady at 3.50%-3.75%.

Market News
29 Jul 2026
Coinpaper
View Source
Bullish
Bitcoin rises to $64,400 as Fed holds interest rates steady at 3.50%-3.75%.

Bitcoin price climbed to around $64,400 after the Federal Reserve decided to keep interest rates unchanged at 3.50% to 3.75% following its July meeting. The Fed's decision to pause rate hikes for the fifth consecutive time came amid mixed views within the committee and ongoing inflation concerns, with inflation still above the 2% target. Rising oil prices and geopolitical tensions add uncertainty to inflation outlooks, but the Fed signaled no immediate plans to ease policy. Crypto markets showed modest gains as investors reacted cautiously to the Fed's split vote and ongoing inflation risks.

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