Bitcoin ends July near the $64,000 mark: the market survived a volatile reaction to the US Fed’s decision to leave rates unchanged, but did not receive a signal for immediate policy easing. Against this backdrop, capital has once again flowed into spot Bitcoin funds, the total crypto market capitalization remains around $2.29 trillion, and the largest altcoins are moving without a single direction.
For investors, the end of the month is a period of waiting. On the one hand, high rates and the Fed’s tough rhetoric are limiting risk appetite. On the other — the absence of panic selling, net inflows into Bitcoin ETFs, and the resilience of key levels show that the digital asset market is not yet ready for a sharp decline.
Main Crypto Market Highlights of the Day
- The US Fed kept the rate in the 3.50–3.75% range, with the vote ending 9 to 3: three committee members immediately called for a hike.
- Bitcoin is holding around $64,000 after moving from $63,700 almost to $64,700 and subsequent profit taking.
- The weekly low for the first cryptocurrency is around $62,400.
- Spot Bitcoin ETFs showed a net inflow of $32.1 million, breaking a streak of outflows; IBIT fund looked stronger than others.
- Ethereum funds lost about $18.65 million, and ETH’s market share continued to decline.
- Forced liquidations over the day totaled about $280–316 million and affected around 90,000 traders.
- The US Senate did not have time to consider the CLARITY Act before the August break, so the market became more cautious in assessing the chances of the law passing in 2026.
The Fed Paused but Sent a Hard Signal to the Market
The Federal Open Market Committee on July 29 left the key rate in the previous corridor of 3.50–3.75%. At first glance, this is a neutral decision, but the details of the vote changed the market’s perception. Three regional Fed presidents supported a 25 basis point hike — such a number of dissenters from a softer line has not been seen since 2016.
The reason for the regulator’s caution is inflation around 4.1% and continued economic growth. This combination reduces the likelihood of a rapid shift to a loose monetary policy. For cryptocurrencies, this is an important factor: the longer rates stay high, the more cautious investors are with risky assets.
Additional pressure came from the debt market. US public debt exceeded 100% of GDP for the first time since World War II, Treasury yields rose, and stock indexes moved in different directions. Cryptocurrencies in this environment remained in a wide sideways range, awaiting a new trigger for a strong move.
Bitcoin Defends $64,000: Where Key Levels Are
Bitcoin’s reaction to the Fed meeting was sharp but short-lived. First, the price rose from $63,700 almost to $64,700, then some players took profits, and quotes returned to the $64,000 zone. Now this level remains the market’s psychological support.
- The nearest support zone is in the $63,000–63,500 area, and buyers have held it all week.
- Main resistance is around $66,000 — near July’s local highs.
- Bitcoin’s market capitalization is estimated at about $1.28 trillion, maintaining the asset’s leading role in the market.
To reach the all-time high of $126,080, Bitcoin still lacks almost 49%. Therefore, 2026 remains a period of deep correction for the asset. However, the return of institutional demand through ETFs, the absence of mass capitulation, and White House plans to create a strategic crypto reserve support a recovery scenario in the second half of the year.
From a technical perspective, not only the current price but also the quality of demand is important for the market. If inflows into funds continue and liquidity does not deteriorate, the $63,000–66,000 zone may become the base for the next growth attempt.
ETFs Show Rotation: Capital Once Again Chooses Bitcoin
Exchange-traded fund data for July 29 showed a notable reshuffle within the crypto market. Institutional investors increased their Bitcoin positions again but continued to reduce their Ethereum holdings.
- Spot Bitcoin ETFs attracted $32.1 million in net capital — the first positive day after a series of outflows.
- Ethereum ETFs saw an outflow of about $18.65 million, continuing the weak trend of recent weeks.
- Solana funds received about $19 million in inflows — one of the best results among altcoin products.
- XRP products showed a small but positive inflow of about $0.58 million.
This picture does not indicate a complete flight from altcoins, but rather a more selective approach. In a macroeconomic uncertainty environment, large players more often choose Bitcoin as the main crypto asset, but interest in Solana shows that demand for certain highly liquid stories remains.
Ethereum Under Pressure, but the Network Maintains Strong Metrics
Ethereum is trading around $1,900, and its market share is declining as capital flows into Bitcoin. Price dynamics look weaker than the first cryptocurrency, but the network’s fundamentals remain resilient.
More than 2.5 million ETH, or about 2% of circulating supply, are waiting to enter staking. The validator queue is about 44 days long, while demand to exit is almost nonexistent. This is an important signal: despite the weak price, long-term participants continue to lock coins inside the network.
An additional factor for institutional demand could be the launch of staking reward payouts by the Grayscale fund, expected in early August. If this mechanism attracts new capital, pressure on Ethereum may ease.
Top 10 Cryptocurrencies: The Current Picture
Movements in the top ten by capitalization remain mixed. Some assets are holding key levels, while others continue to trade under pressure.
Cryptocurrency | Current Price | Capitalization/Features | Key Levels/Notes
Bitcoin (BTC) | about $64,000 | capitalization about $1.28 trillion | consolidation below $66,000 resistance
Ethereum (ETH) | about $1,900 | market share declining | sideways movement
Tether (USDT) | about $1 | one of the main settlement and market liquidity instruments | maintains dollar peg
BNB (BNB) | about $572 | supported by the 36th quarterly burn, 1.62 million coins removed from circulation | asset holds near current levels
XRP (XRP) | about $1.08 | asset remains in consolidation | $1.05–1.11 range
Solana (SOL) | about $74 | SOL funds continue to attract capital | buyers defend the $73–74 zone
USD Coin (USDC) | about $1 | stablecoin and the second most important dollar asset in the market | maintains role as settlement instrument
TRON (TRX) | about $0.32 | one of the few major assets with positive dynamics since the start of the year | supported by leadership in USDT transfers
Dogecoin (DOGE) | about $0.069 | meme segment remains under pressure | weak dynamics persist
Cardano (ADA) | about $0.165 | asset trades near support | support at $0.164, resistance around $0.173
Why Bitcoin’s Technical Context Matters for Investors
How Bitcoin Works
Bitcoin is a digital currency and payment system that operates without a central governing body. Its foundation is the blockchain: a shared chain of transaction records maintained by network participants. This approach makes the system decentralized: rules are set by the protocol, not by a bank, company, or government intermediary.
Each transaction goes into a block, after which the network verifies it and adds it to the public ledger. Network nodes store copies of this ledger, and cryptography helps protect data from tampering. Bitcoin’s history is linked to Satoshi Nakamoto, the publication of the whitepaper, the first transactions, and the development of the peer-to-peer network. In this logic, the ideas of Hashcash and open-source software are also important.
Mining, Supply, and Halving
Mining is the process in which network participants use computing power to create new blocks and confirm transactions. For successfully adding a block, a miner receives a reward. Bitcoin’s supply is limited to 21 million coins, so new coins appear only according to protocol rules, not by decision of a centralized issuer.
Halving is the regular reduction of miner rewards for a new block. It occurs about once every four years and slows the rate of new coin issuance. Historically, such events have increased attention to Bitcoin, as the market re-evaluates the balance between limited supply, demand, and liquidity.
Buying, Storage, Forecast, and Risks
Bitcoin can usually be purchased through crypto exchanges, P2P deals, and exchangers. On an exchange, an investor registers, verifies, funds an account, and buys the asset at a market or limit order. Coins can be stored in hot wallets, cold wallets, and hardware devices. For security, two-factor authentication, seed phrase protection, and caution with storing large sums on exchanges are important.
Bitcoin’s high volatility is linked to limited supply, speculative demand, news, regulation, actions of large players, ETF inflows, and the state of market liquidity. By 2030, key factors for the long-term forecast will remain institutional demand, regulation, macroeconomic policy, infrastructure development, and the market’s ability to maintain deep liquidity. The optimistic scenario relies on Bitcoin adoption growth, the base scenario on gradual recovery after corrections, and the negative scenario on rate pressure, regulation, and weak risk appetite.
Investors should also consider risks: sharp price movements, regulatory rule changes, technical failures, cyberattacks, loss of wallet access, and the absence of familiar guarantees or insurance. Therefore, Bitcoin is often considered separately from traditional instruments like stocks or cash, although its price is most often quoted in US dollars. Market resilience is influenced by electricity costs, order book depth on crypto exchanges, wallet owner behavior, and Bitcoin’s differences from forks like Bitcoin Cash.
Regulation: CLARITY Act Postponed Until Fall
The main legislative intrigue of July ended with a pause. The US Senate did not have time to bring the CLARITY Act to a vote before the August recess. After this, participants in prediction markets significantly lowered the probability that the document would be adopted by the end of 2026.
At the same time, the regulatory background cannot be called completely negative. The SEC and CFTC previously confirmed that the 16 largest digital assets are not securities, and the US administration officially established a course to create a strategic reserve in Bitcoin. Therefore, the market will most likely wait for new regulatory signals in September.
Security and Corporate News
Operational risks have once again made themselves felt. The Ostium platform disclosed data on an over-the-counter hack for $24 million and emphasized that smart contracts were not affected. A separate incident occurred with the verified account of Senator Cynthia Lummis on social network X: it was used to promote a fraudulent meme token.
There was also important news on the corporate front. Hyperliquid attracted its first Japanese corporate token buyer, and Luno announced a new round of layoffs as part of restructuring. These events show that the industry continues to grow while optimizing costs.
What Could Move the Market on the Last Day of July
The final trading session of the month will be influenced by US macro statistics. Investors are waiting for inflation and consumer spending data, which will help assess the Fed’s future rate trajectory.
The base scenario for Bitcoin is movement in the $63,000–66,000 range. A breakout of the upper boundary, supported by new ETF inflows, could open the way for recovery. Tough macro data, on the other hand, could return quotes to weekly lows.
For medium-term investors, key benchmarks remain unchanged:
- Bitcoin’s resilience above $63,000.
- Ethereum holding above $1,860.
- Continuation of institutional inflows.
If these conditions persist, the market will see the first signs of a base forming for recovery in the second half of 2026.
