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Bitcoin rose 0.96% to $63,882, holding above support as markets awaited the Fed decision. $65,000 remains the key resistance level.
Whales bought nearly 19,700 BTC in 8 days despite $510 million in liquidations and ETF outflows, showing strong long-term confidence.
Hyperliquid gained 3.85%, XRP 2%, and Ethereum 1.37%, beating Bitcoin as investors tracked Fed policy, ETF flows, and regulation.
Bitcoin held steady near $63,880 on Wednesday, holding firm after briefly slipping toward a 10-day low. The broader market turned watchful ahead of the Federal Reserve's rate announcement scheduled for later in the day. A sharp sell-off in Asian semiconductor stocks had spilled into crypto earlier this week, but prices found footing.
Ethereum, XRP, and Hyperliquid posted sharper gains than Bitcoin through the session. Rising Treasury yields and a stalled crypto bill kept desks cautious overall. Traders now wait on the Fed's tone for the next clear signal.
Bitcoin trades at $63,882.29, up 0.96% over the past 24 hours. This reflects live CoinMarketCap data tracked through today's session. Market cap stands near $1.28 trillion, with 24-hour volume at $23.65 billion. Price action stays tied to Fed rate bets and whale accumulation 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 is consolidating after briefly touching a 10-day low near $63,000. A sell-off in Asian semiconductor stocks spilled into crypto this week. Liquidations crossed $510 million, while ETF outflows added further pressure. Whale wallets still added nearly 19,700 BTC over eight days. Bitcoin needs to reclaim $65,000 to regain momentum.
The CoinSwitch Markets Desk noted BTC dipped below $63,000 on Senate delays around the CLARITY Act. Prices recovered toward $64,000 soon after. Near-term direction depends on the Fed's tone, core PCE inflation, and GDP data. A rate hold with softer guidance could push Bitcoin toward $68,000.
Vikram Subburaj, CEO of Giottus, placed Bitcoin near $63,620 heading into the Fed decision. Markets still see roughly a 33% chance of a rate hike this cycle. US spot Bitcoin ETFs booked outflows near $476.8 million across three sessions. Support holds near $62,700, with resistance at $66,700. He advised staggered buying over large directional bets.
Riya Sehgal, Research Analyst at Delta Exchange, said crypto markets are consolidating after the recent correction. Bitcoin is recovering from support but stays below the $65,500 resistance zone. Ethereum mirrors this pattern, holding support near $1,865. Elevated oil prices remain a watch point for inflation and Fed policy.
Also Read: Bitcoin ETFs Break Winning Streak as Hawkish Fed Expectations Pressure Crypto
Nischal Shetty, founder of WazirX, said Bitcoin retreated earlier this week before stabilizing near $63,785. Liquidation activity and softer institutional flows weighed on broader sentiment. Spot Bitcoin ETFs saw modest outflows, while Ethereum products kept attracting inflows. XRP holds above $1.05, with a push past $1.10 signaling renewed altcoin strength.
Based on live CoinMarketCap data as of today's session.
Biggest Gainers: HYPE, XRP, ETH
Hyperliquid led the top 10 board, climbing close to 4% through the session. XRP followed with a sharp 2% move, while Ethereum extended its steady climb past $1,900.
Relative Laggards: USDC, USDT, SOL
Stablecoins stayed pinned near their peg, barely moving through the day. Solana posted the smallest gain among majors, holding just above the $73 mark.
Macro data, regulatory delays, and geopolitical risk are steering sentiment across desks today.
The Fed's two-day meeting wraps up today, with the decision and press conference due this afternoon. CME's FedWatch data shows hold odds have firmed, though hike bets stay elevated. Traders view this announcement as the week's defining catalyst for crypto and equities alike.
Apple's stock hit an all-time high, pushing its market capitalization above $5 trillion past Nvidia. Reports of renewed tension near a US military base sent crude oil rebounding sharply higher. The move revived geopolitical risk concerns that had briefly eased earlier this month, adding pressure on rate-sensitive assets.
The crypto market structure bill remains stuck over ethics provisions, with Republicans needing seven Democratic votes to advance it. Prediction markets have trimmed 2026 passage odds sharply from earlier estimates. The delay keeps regulatory uncertainty elevated for exchanges awaiting clearer digital asset rules heading into August.
On-chain data shows large Bitcoin holders added nearly 19,700 BTC over eight sessions. This accumulation came even as spot ETF flows turned choppy and outflows persisted. Analysts read this as a sign of longer-term conviction beneath short-term price weakness.
Spot Ethereum products continued pulling in fresh capital even as Bitcoin funds saw outflows. This divergence suggests institutional investors are rotating exposure rather than exiting crypto broadly. Ether's relative strength this week reflects that shifting allocation pattern among larger funds.
Also Read: Ethereum vs Bitcoin: Is ETH Finally Reaching a Market Bottom?
Hyperliquid faces a token unlock releasing over 4% of circulating supply this week. Despite the added supply, HYPE still posted the sharpest gain among the top 10 coins. Traders are watching whether this momentum holds once the unlocked tokens hit the market.
Bitcoin holds near $63,880 as traders weigh whale accumulation against Fed rate uncertainty. A close above $65,000 could open a path toward the $68,000 resistance zone. A slip below $63,000 risks exposing support closer to $62,500 in coming sessions.
Ethereum trades near $1,903, holding firm above key support after a volatile week. Altcoins including Hyperliquid and XRP remain most sensitive to shifts in risk appetite. The Fed's rate verdict stands as this week's defining catalyst for broader crypto direction.
What is the Bitcoin price today?
Bitcoin trades near $63,882.29, up 0.96% over the past 24 hours. Support holds near $63,000, while resistance builds around $65,000 and $68,000. Analysts expect range-bound trading until the Fed's decision brings clearer direction to markets this week.
Why is the Fed meeting affecting crypto prices?
Traders are pricing in a likely hold with some chance of a hawkish surprise at today's FOMC decision. Higher rate expectations typically pressure risk assets like Bitcoin and altcoins. A dovish tone could ease that pressure and support a relief rally.
What is the biggest crypto news today?
The CLARITY Act's stalled Senate progress and Apple's $5 trillion milestone are shaping sentiment today. Renewed Iran-linked tensions pushed oil higher, adding fresh weight to the broader market narrative heading into the Fed decision.
Which coins are performing best today?
Hyperliquid leads gains with a near 4% rise, followed by XRP and Ethereum with solid advances. Stablecoins and Solana posted the smallest moves, staying relatively flat across the top 10 board today.
What should investors watch this week?
Track the Federal Reserve's rate verdict, ETF flow trends, and Bitcoin's key support zones closely. Senate action on the CLARITY Act remains a critical signal. Watch Treasury yields and oil prices for added direction cues.
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