Bitcoin fell 3.15% to $63,235 as traders reduced risk before the Fed meeting, while analysts identified $62,500-$63,000 as the first major support zone.
Spot Bitcoin ETFs saw over $465 million in outflows, weakening institutional confidence, while a move above $66,000-$68,000 could signal stronger bullish momentum.
Ethereum, XRP, and Solana underperformed Bitcoin, with 165,529 traders liquidated for nearly $682 million, highlighting rising volatility ahead of the Fed's policy decision.
Bitcoin dropped near $63,235 on Tuesday, extending last week's pullback from higher levels. The broader market turned cautious ahead of the Federal Reserve's two-day meeting starting today. Meanwhile, rate hike odds have climbed sharply this month, unsettling risk appetite across desks.
Ethereum, XRP, and Solana all witnessed sharper declines than Bitcoin during the session. Rising Treasury yields and stalled progress on the CLARITY Act also added to the cautious market mood. Traders are now more focused on the Fed's decision on inflation and rates.
Bitcoin trades at $63,235.23, down 3.15% over the past 24 hours. This figure reflects live CoinMarketCap data tracked through today's session. Its market cap stands near $1.26 trillion, with 24-hour trading volume of $27.81 billion. Price action stays tied to Fed rate bets and shifting ETF flow trends.
Here are today's insights from leading crypto market analysts on Bitcoin's structure and the broader macro setup.
Akshat Siddhant, Lead Quant Analyst at Mudrex, said Bitcoin came under renewed selling pressure ahead of the FOMC meeting. It slipped toward $63,000 as investors trimmed exposure to risk assets. The US 10-year Treasury yield climbed 14 basis points, lifting demand for fixed income. A dovish tone could support a rebound toward $66,000-$68,000. A hawkish surprise risks a slide toward $61,000.
Vikram Subburaj, CEO of Giottus, placed Bitcoin near $65,000, up more than 12% from its early July low. The recovery has slowed below the key $68,000 resistance level. Spot Bitcoin ETFs booked net outflows over the past two sessions after strong mid-July inflows. Ethereum traded near $1,893 and outperformed Bitcoin during the same window. He advised staggered accumulation over chasing short-term rallies.
The CoinSwitch Markets Desk noted Bitcoin briefly moved toward $66,000 on easing US-Iran tensions. Elevated Treasury yields continue to limit broader risk appetite this week. BTC and ETH have still outperformed equities in July, gaining close to 11.6% and 24.6%. Bitcoin held above its 21- and 50-day moving averages near $64,300 and $63,300, respectively. A move above $66,000-$67,000 is needed to confirm stronger buying interest.
Nischal Shetty, founder of WazirX, said Bitcoin remains under pressure as investors weigh easing tensions against uncertainty around the Fed. Over $465 million in spot Bitcoin ETF outflows late last week point to fragile institutional conviction. Bitcoin trades near $63,050, with immediate support at $62,500-$62,800. Ethereum trades near $1,871, with resistance building between $1,900 and $1,920.
Also Read: Bitcoin Price Forecast: Can BTC Sustain its Rally and Confirm a Trend Reversal?
Riya Sehgal, Research Analyst at Delta Exchange, said risk assets fell under pressure ahead of the Fed's meeting. Bitcoin dropped sharply toward $63,000, triggering a heavy unwinding of leveraged positions. CoinGlass data showed 165,529 traders liquidated over 24 hours, totaling nearly $682 million. The $62,800-$63,000 zone stands as the first key demand area for buyers.
Based on live CoinMarketCap data as of today's session.
| Rank | Name | Price | 24h % | Market Cap | Volume (24h) |
|---|---|---|---|---|---|
| 1 | Bitcoin (BTC) | $63,235.23 | -3.15% | $1.26T | $27.81B |
| 2 | Ethereum (ETH) | $1,878.04 | -3.87% | $226.64B | $13.93B |
| 3 | Tether (USDT) | $0.9989 | -0.01% | $183.89B | $59.51B |
| 4 | BNB (BNB) | $564.60 | -1.52% | $75.18B | $994.43M |
| 5 | USDC (USDC) | $0.9999 | 0.00% | $72.42B | $11.05B |
| 6 | XRP (XRP) | $1.05 | -4.63% | $66.00B | $1.31B |
| 7 | Solana (SOL) | $73.04 | -4.31% | $42.58B | $2.00B |
| 8 | TRON (TRX) | $0.3242 | -2.17% | $30.76B | $580.32M |
| 9 | Hyperliquid (HYPE) | $56.16 | -6.95% | $14.19B | $418.75M |
| 10 | Dogecoin (DOGE) | $0.06990 | -3.90% | $11.95B | $611.30M |
Biggest Losers: HYPE, XRP, SOL
Hyperliquid led the decline, shedding nearly 7% through the session on heavy volume. XRP followed with a sharp drop, while Solana also slipped well below its weekly range.
Relative Resilience: USDT, USDC, BNB
Stablecoins held their pegs, remaining nearly flat amid the broader sell-off. BNB posted the smallest decline among majors, losing just over 1.5%.
Regulatory delays and shifting ETF flows are steering sentiment across desks today. Traders are weighing these developments alongside the Fed's decision for near-term direction.
The Federal Reserve's two-day policy meeting begins today, with a decision due Wednesday. Rate hike odds have climbed sharply this month under Chair Kevin Warsh, unsettling risk assets. CME's FedWatch data shows a rising probability of a surprise hike this cycle.
Traders across equities and crypto view this meeting as the week's defining catalyst. Any shift in tone around inflation could quickly reprice Bitcoin and broader risk assets heading into August trading sessions.
Spot Bitcoin ETFs booked a third straight week of inflows despite late losses near $465 million. BlackRock's IBIT product accounted for nearly $415 million of those recent outflows. The reversal followed a strong run led by IBIT and Fidelity's FBTC funds earlier this month.
The break in momentum has weakened near-term sentiment across trading desks this week. Analysts say a durable return of inflows remains the clearest signal for a sustained recovery.
The crypto market structure bill remains stalled in the Senate over ethics provisions this week. Republicans hold 53 seats and need seven Democratic votes to clear the required threshold. Prediction markets have cut 2026 passage odds sharply from earlier estimates.
The delay keeps regulatory uncertainty elevated for exchanges and institutional desks awaiting clearer rules. Analysts expect the debate to resurface once lawmakers return from the summer recess.
Also Read: BitMart Announces Crypto Exchange Shutdown as BMX Crashes 81%
Bitcoin holds near $63,235 as traders weigh fragile ETF flows against Fed rate uncertainty this week. A close above $66,000 could open a path toward the $68,000 resistance zone. A slip below $62,500 risks exposing deeper support closer to $61,000 in coming sessions.
Ethereum trades near $1,878, holding above key support after a volatile weekly session. Altcoins including Hyperliquid and Solana remain the most sensitive to shifts in risk sentiment. The Fed's two-day meeting stands as this week's defining catalyst for broader market direction.
What is the Bitcoin price today?
Bitcoin trades near $63,235.23, down 3.15% over the past 24 hours. Support holds near $62,500, while resistance builds between $66,000 and $68,000. Analysts expect range-bound trading until the Fed's decision brings clearer direction to the broader market this week.
Why is the Fed meeting affecting crypto prices?
Traders are pricing a rising chance of a hawkish surprise at this week's FOMC meeting. Higher rate expectations typically pressure risk assets, including Bitcoin and major altcoins. A dovish tone from the Fed could ease this pressure and support a relief rally.
What is the biggest crypto news today?
The CLARITY Act's stalled Senate progress and fading Bitcoin ETF inflows are shaping sentiment. Rising Treasury yields and cautious institutional positioning add fresh weight to today's broader market narrative ahead of the Fed's verdict.
Which coins are performing worst today?
Hyperliquid leads losses with a near 7% drop, followed by XRP and Solana with sharp declines. Stablecoins and BNB posted the smallest losses, staying relatively resilient across the top 10 board.
What should investors watch this week?
Track the Federal Reserve's two-day meeting, ETF flow trends, and Bitcoin's key support zones. Senate action on the CLARITY Act remains a critical signal. Watch Treasury yields and the dollar index for added direction cues.
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