Bitcoin Tops $64,000 in Asia Trading Ahead of Fed Rate Decision

·1 views

Bitcoin surpassed the $64,000 mark during Asian trading hours as markets await the Federal Reserve's upcoming interest rate decision. The consensus expectation among market participants is that the Fed will hold rates steady at its Wednesday meeting. However, a notable minority of analysts are not ruling out a surprise rate hike. Major financial institutions, including Citadel Securities and UBS, have flagged the possibility of such an unexpected move. The uncertainty surrounding the Fed's decision appears to be influencing crypto market activity.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

BNY Mellon to add blockchain layer to its $8.6 trillion transfer agency business

BNY Mellon, the world's largest custodian bank, is moving to integrate blockchain technology into its transfer agency operations. The initiative targets the $8.6 trillion transfer agency market by introducing a digital ownership record for tokenized funds. Rather than replacing its existing infrastructure, BNY plans to run the blockchain layer alongside its current system. The move signals growing institutional interest in using distributed ledger technology to modernize fund record-keeping.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

3 reasons Wednesday's Fed meeting is pivotal for BTC

Your day-ahead look for July 29, 2026

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Bitcoin Holds Above $64,000 Ahead of Federal Reserve Rate Decision

Bitcoin rose 0.75% to stabilize above $64,000 as markets awaited a key Federal Reserve interest rate decision. Investors are closely watching the Fed's move, which could significantly influence crypto market sentiment. Persistent inflation at 4.1% keeps the possibility of a rate hike firmly in play. Easing oil prices have offered some relief, though they have not been enough to take a rate increase off the table.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Binance launches gold and silver options after commodity futures see billions in daily volume

Binance has introduced options trading for gold and silver on its crypto exchange platform. The move follows strong user demand for the exchange's existing gold and silver perpetual futures contracts. Those commodity futures products have been attracting billions of dollars in daily trading volume. By expanding into options, Binance aims to offer traders additional tools to hedge or speculate on precious metal prices.

0 comments Read more at CoinDesk