Last Updated: July 29, 2026

Bitcoin is trading at $64,478.57 as of July 29, 2026, up 1.63% over the past 24 hours though still down 2.06% over the past week, as traders position ahead of today’s Federal Reserve rate decision. Notably, BTC climbed even as South Korean chipmakers suffered one of their steepest two-day selloffs of the year — the second time in a week Bitcoin has held up through an AI-linked equity rout, a pattern some analysts say suggests its correlation with tech stocks may be weakening.

BTC has climbed back above $64,000 heading into today’s Fed decision, holding a tight range through some of the most volatile trading conditions of the month. What stands out is Bitcoin’s resilience relative to Asian equity markets: even as SK Hynix and Samsung extended a brutal two-day selloff tied to reassessed AI infrastructure demand, Bitcoin moved higher rather than following tech stocks lower. This is the second time in the past week that pattern has held, suggesting crypto’s tight correlation with the AI trade may be loosening.

Spot Bitcoin ETFs saw a combined $11.6 million in net outflows on Monday, July 27, ending a seven-session streak of net inflows, with BlackRock’s IBIT accounting for the largest share. Despite the streak ending, the outflow figure is modest relative to the fund category’s overall size, and today’s price action suggests institutional sentiment hasn’t turned meaningfully negative. Traders are now watching whether ETF flows resume their inflow trend once today’s Fed decision removes a major source of near-term uncertainty.

Bitcoin’s gain today reflects pre-Fed positioning combined with growing evidence of decoupling from the AI-equity trade. With prediction markets pricing a genuine, if still minority, chance of a surprise rate hike — the highest odds of this cycle — some analysts describe this as the hardest Fed meeting to call in years. That uncertainty alone can drive volatility in either direction once the decision lands. Separately, Zcash’s successful Ironwood activation yesterday removed a lingering security overhang that had weighed on sentiment across privacy-focused crypto assets more broadly.

Today’s Fed decision is the dominant catalyst, with a dovish hold expected to support risk assets broadly while a surprise hike — a real possibility per prediction markets — could trigger a sharp reversal. GDP and PCE inflation data follow later this week, alongside earnings from Coinbase, Strategy, and Robinhood, keeping the calendar dense with potential catalysts through Friday.

For broader market context, see crypto market today and today’s top crypto headlines. Ethereum and XRP are also trading higher today — see Ethereum news today and XRP news today — while Dogecoin’s price page and Zcash news today cover the rest of the market’s response to a successful Ironwood activation. For the underlying drivers behind days like this, see what makes Bitcoin’s price go up or down.

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