The Federal Reserve left its benchmark rate unchanged at 3.50%-3.75% on July 29, extending its pause for a sixth consecutive meeting as policymakers continue to assess persistent inflation.
With futures markets assigning roughly a 65% probability to a hold before the announcement, much of the decision had already been priced in. Bitcoin consequently showed a controlled reaction before the news and was trading near $64,400 after the release.
BTC is also holding its important 0.236 Fibonacci retracement, while the 50-day simple moving average sits directly below the same area. Together, the two levels form a concentrated support zone that buyers need to defend to preserve the current structure.
The rate announcement may therefore prove less important than the guidance that follows it. Kevin Warsh’s remarks could move Bitcoin if he signals that another rate increase remains possible or takes a more aggressive position on inflation.
Markets are also waiting for Japan’s rate decision, which could affect global liquidity and risk appetite. A surprise from either central bank would leave Bitcoin’s current support zone facing a more meaningful test.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP.
Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem.
To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem.
His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
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