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Bitcoin traded near $63,903, up 0.01%, as the Fed held rates steady and three policymakers pushed for a hike.
Spot Bitcoin ETFs booked a fourth straight session of outflows near $526 million, keeping institutional conviction fragile.
XRP led major gainers with a 1.03% rise, while Ethereum and Hyperliquid posted mixed moves ahead of month-end.
Bitcoin held its ground near $63,903 on Thursday, staying flat after a volatile week of Fed positioning. The Federal Reserve kept its benchmark rate unchanged at 3.50%-3.75% on Wednesday. Three policymakers still pushed for a quarter-point hike, keeping the tone from turning fully dovish.
Ethereum and XRP posted modest moves through the session, tracking Bitcoin's consolidation near current levels. Stalled progress on the CLARITY Act and persistent ETF outflows kept the broader mood guarded. Traders now watch Friday's month-end close and fresh GDP and PCE inflation data for direction.
Bitcoin trades at $63,902.66, up 0.01% over the past 24 hours. This figure reflects live CoinMarketCap data tracked through today's session. Its market cap stands near $1.28 trillion, with 24-hour trading volume of $28.33 billion. Price action stays tied to Fed guidance and shifting Bitcoin 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 rebounded sharply to $64,700 after the Fed held rates steady. The decision also lifted broader risk sentiment. Gold climbed close to $4,100 from around $4,000. Institutional flows remain mixed even so.
US spot Bitcoin ETFs logged a fourth straight day of outflows. Total withdrawals reached $526 million this week. Ethereum ETFs extended their inflow streak to a third straight week. Bitcoin now needs to reclaim $65,000 to confirm the recovery. The $63,000 zone remains key support ahead of Friday's close.
Vikram Subburaj, CEO of Giottus, placed Bitcoin near $64,150 after the Fed's steady hold. Three policymakers supported a quarter-point increase this week. Limited forward guidance kept investors cautious through the session. Markets now price roughly a 57% chance of a September hike.
Institutional demand has weakened across recent sessions. Spot Bitcoin ETFs recorded combined outflows of nearly $526.5 million over four sessions. He advised staggered buying and disciplined position sizing for now. Traders should wait until Bitcoin clears $66,700, accompanied by stronger spot demand.
The CoinSwitch Markets Desk noted Bitcoin briefly moved above $64,000 after the Fed's decision. Price dropped back as the Fed Chair held a firm line on inflation. Bitcoin is now struggling to hold above $64,000 this week. Futures open interest has climbed to a two-month high.
Positive funding rates suggest many traders still expect higher prices. Bitcoin needs to recover above $64,000 to improve near-term momentum. A fall below $63,300 could trigger fresh selling pressure across desks.
Also Read: Bitcoin's Next Big Move Depends on This Long-Term Trend
Nischal Shetty, founder of WazirX, said Bitcoin continues trading in a tight range. Developments around the CLARITY Act have reinforced long-term adoption optimism. Geopolitical tensions and volatile oil prices are keeping risk assets on edge.
A softer dollar is offering some broader support to crypto. Bitcoin gained 0.50% over the past day to reach $64,186. Ethereum edged up 0.16% during the same window to $1,911. Markets now await the next major macro trigger for direction.
Piyush Walke, Derivatives Research Analyst at Delta Exchange, said the Fed's steady hold met near-universal expectations. Equities still sold off on hawkish dissent and a fresh geopolitical shock. Bitcoin dipped near 1% to trade around $63,890.
Ethereum slipped by a similar margin toward $1,900. A selloff in Asian chip stocks drove much of the weakness. Oil prices jumped sharply, with WTI and Brent crude both climbing. The $62,700-$63,000 zone marks Bitcoin's first major demand area. A break lower could open a path toward $62,000 next.
Based on live CoinMarketCap data as of today's session.
Biggest Gainers: DOGE, XRP, BNB
Dogecoin led the top 10 board with a gain above 1.2%, extending its bounce from last week's lows. XRP and BNB also posted solid gains as the Fed's steady hold eased near-term rate fears.
Biggest Losers: HYPE, ENA, AAVE
Hyperliquid slipped over 1.5%, leading losses among the top 10 names this session. Ethena and Aave dropped sharply too, reflecting weaker demand across mid-cap DeFi tokens today.
Regulatory signals and ETF flow data are steering sentiment across trading desks today. Traders are weighing these developments alongside month-end positioning for near-term direction.
The Federal Reserve held its benchmark rate at 3.50%-3.75% on Wednesday, matching broad expectations. Three policymakers still pushed for a quarter-point hike this week.
Traders now price roughly 57% odds of a September increase. The split vote kept risk assets cautious, with equities and crypto both digesting the mixed signal from Chair Kevin Warsh.
SEC Chairman Paul Atkins publicly backed the CLARITY Act this week, offering technical help through the legislative process. The bill remains stalled after Senate leadership prioritized other floor business.
A vote before the August 7 recess now looks unlikely. Analysts say passage would mark the year's biggest regulatory catalyst, and continued delay keeps institutional desks in a holding pattern.
US spot Bitcoin ETFs recorded a fourth straight day of net outflows this week. Total withdrawals reached nearly $526 million, with BlackRock's IBIT product leading redemptions.
The streak follows a strong mid-July run that had briefly restored confidence. Analysts say a durable return of inflows remains the clearest signal needed for a sustained recovery.
Ethereum spot ETFs bucked the broader trend, extending their inflow streak to a third straight week. The gap between Bitcoin and Ethereum ETF flows has widened noticeably.
Morgan Stanley also launched new Ethereum and Solana spot ETPs alongside staking-based funds. The move adds fresh institutional access points and could deepen demand through the third quarter.
Asian chip stocks sold off sharply this week, dragging broader risk sentiment lower across global markets. The selloff triggered a spike in oil prices, with WTI and Brent crude both climbing.
Higher oil prices could feed into upcoming inflation readings, complicating the Fed's rate path. Traders now watch Treasury yields and the dollar index for the next macro move.
Zcash activated its Ironwood upgrade this week, phasing out a shielded pool flagged for security concerns. The upgrade strengthens the network's privacy infrastructure this month.
Zcash has posted strong weekly gains, outperforming most large-cap tokens. The upgrade adds a fresh narrative for privacy assets as investors rotate through smaller-cap opportunities during broader market consolidation.
Also Read: India's New Crypto Reporting Rules Raise the Bar for Compliance
Bitcoin holds near $63,903 as traders weigh the Fed's steady hold against fragile ETF flows. A close above $66,700 could open a path toward stronger $68,000 resistance. A slip below $62,700 risks exposing deeper support closer to $61,000 in coming sessions.
Ethereum trades near $1,900, holding steady after a volatile week tied to Fed positioning. XRP and Hyperliquid remain the most sensitive to shifts in institutional risk appetite. The CLARITY Act's Senate timeline stands as this month's defining catalyst for broader market direction.
FAQs
What is the Bitcoin price today?
Bitcoin trades near $63,902.66, up 0.01% over the past 24 hours, holding steady after the Fed's rate hold. Support sits near $62,700, while resistance builds between $65,000 and $66,700 through the coming sessions.
Why is the Fed decision affecting crypto prices?
The Federal Reserve held rates steady, but three policymakers still pushed for a hike this week. That split vote has kept September rate-hike odds elevated near 57%, pressuring Bitcoin and major altcoins broadly.
What is the biggest crypto news today?
The CLARITY Act's stalled Senate progress and a fourth day of Bitcoin ETF outflows are shaping sentiment. Ethereum ETF inflows and Morgan Stanley's new Solana ETP add a contrasting institutional signal this week.
Which coins are performing best today?
Dogecoin leads gains with a rise above 1.2%, followed by XRP and BNB with solid single-digit percentage gains. Hyperliquid, Ethena, and Aave post the sharpest losses among mid-cap tokens today.
What should investors watch this week?
Track Friday's month-end close, the CLARITY Act's Senate timeline, and Bitcoin ETF flow trends closely this week. GDP and PCE inflation data due soon could also shift near-term rate expectations meaningfully.
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