Bitcoin Holds $64,000 After Fed Holds Rates, Signals Hawkish Path
Bitcoin settled near $63,978 on Thursday after the Federal Reserve kept its benchmark rate at 3.5%-3.75% on July 29, delivering the outcome most participants had priced in. The surprise was the tone: Chair Kevin Warsh's press conference pushed 10-year Treasury yields 7 basis points higher to 4.677%, with three FOMC members dissenting in favor of an immediate hike. A higher long-term yield raises the opportunity cost of holding a non-yielding asset and tends to strengthen the dollar. Bitcoin did not break below $63,000, but it did not rally either. That is the post-FOMC picture in a sentence. Key Takeaways Bitcoin traded at $63,978 on July 30, 2026, within a 24-hour range of $63,247-$64,660,…
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