Archive · 30 Jul 2026
Bitcoin rises after Fed holds rates, faces key support levels
Bitcoin went up a little on Thursday after the U.S. Federal Reserve decided not to change its interest rates.
The Fed said it might raise rates later if inflation stays high.
Oil prices went up because of fighting in the Middle East, which worries people about inflation.
Even though Bitcoin rose, it still has to reach $65,000 to keep going up.
If it falls below $63,000, it could drop more.
People are watching these numbers closely.
Bitcoin traded higher after the Fed kept rates at 3.5%-3.75% on July 29.
The Fed’s decision was seen as hawkish, with three policymakers favoring a rate hike.
Oil prices rose to about $90 per barrel after U.S. strikes on Iran.
Bitcoin’s key support level is $63,000, with resistance near $65,700.
Ethereum fell around 1% to just above $1,900 following the Fed announcement.
- Who
- Bitcoin and other cryptocurrencies
- What
- Price movement after the U.S. Federal Reserve kept interest rates unchanged
- When
- July 30, 2024
- Where
- U.S. financial markets
- Why
- Fed’s hawkish stance, rising oil prices, and geopolitical tensions
- Bitcoin price
- $64,400
- Fed rate
- 3.5%-3.75%
- WTI crude price
- $90 per barrel
- Brent crude price
- $90 per barrel
- Bitcoin support level
- $63,000
- Bitcoin resistance level
- $65,700