| COINOTAG recommends • Exchange signup |
| 💹 Trade with pro tools |
| Fast execution, robust charts, clean risk controls. |
| 👉 Open account → |
| COINOTAG recommends • Exchange signup |
| 🚀 Smooth orders, clear control |
| Advanced order types and market depth in one view. |
| 👉 Create account → |
| COINOTAG recommends • Exchange signup |
| 📈 Clarity in volatile markets |
| Plan entries & exits, manage positions with discipline. |
| 👉 Sign up → |
| COINOTAG recommends • Exchange signup |
| ⚡ Speed, depth, reliability |
| Execute confidently when timing matters. |
| 👉 Open account → |
| COINOTAG recommends • Exchange signup |
| 🧭 A focused workflow for traders |
| Alerts, watchlists, and a repeatable process. |
| 👉 Get started → |
| COINOTAG recommends • Exchange signup |
| ✅ Data‑driven decisions |
| Focus on process—not noise. |
| 👉 Sign up → |
- The Federal Reserve’s recent decision to keep interest rates steady, combined with escalating conflicts in the Middle East, has pushed Bitcoin (BTC) below $64,000.
- This pause in rate hikes and geopolitical tensions have significantly impacted the cryptocurrency market.
- Notably, Bitcoin briefly dipped below $64,000 for the first time since July 25, according to data from CoinMarketCap, shaking the broader altcoin market as well.
The Federal Reserve’s interest rate decision and rising Middle East conflicts have led Bitcoin to fall below $64,000, sparking significant movement in the cryptocurrency market.
Impact of Federal Reserve’s Decision on Bitcoin
Bitcoin (BTC) experienced a notable decrease as it fell below the $64,000 mark following the Federal Reserve’s announcement to maintain interest rates within the 5.25-5.5% range. This decision, which many had anticipated, has had a palpable impact on the cryptocurrency landscape, particularly leading to a downward trajectory for the leading digital currency on July 31.
Jerome Powell’s Remarks and Economic Indicators
Federal Reserve Chairman Jerome Powell provided additional insights into the economic outlook, emphasizing the decline in inflation from 7% to 2.5% and the commitment to bringing it down to 2%. Powell highlighted that, despite a slowdown in consumer spending growth, the GDP and Personal Domestic Final Purchases (PDFP) indicators exhibited expansion. His comments underscored a cautious yet optimistic economic perspective.
Market Reaction and Analyst Insights
Following the Federal Open Market Committee’s (FOMC) decision, the market reaction was immediate. Bitcoin briefly showed an upward response but soon declined to test support around $63,500. This volatility unsettled altcoins as well, reflecting broader market uncertainties tied to monetary policy and geopolitical developments.
| COINOTAG recommends • Professional traders group |
| 💎 Join a professional trading community |
| Work with senior traders, research‑backed setups, and risk‑first frameworks. |
| 👉 Join the group → |
| COINOTAG recommends • Professional traders group |
| 📊 Transparent performance, real process |
| Spot strategies with documented months of triple‑digit runs during strong trends; futures plans use defined R:R and sizing. |
| 👉 Get access → |
| COINOTAG recommends • Professional traders group |
| 🧭 Research → Plan → Execute |
| Daily levels, watchlists, and post‑trade reviews to build consistency. |
| 👉 Join now → |
| COINOTAG recommends • Professional traders group |
| 🛡️ Risk comes first |
| Sizing methods, invalidation rules, and R‑multiples baked into every plan. |
| 👉 Start today → |
| COINOTAG recommends • Professional traders group |
| 🧠 Learn the “why” behind each trade |
| Live breakdowns, playbooks, and framework‑first education. |
| 👉 Join the group → |
| COINOTAG recommends • Professional traders group |
| 🚀 Insider • APEX • INNER CIRCLE |
| Choose the depth you need—tools, coaching, and member rooms. |
| 👉 Explore tiers → |
Relative Strength Index (RSI) and Potential Trading Signals
Crypto analyst Seth noted that Bitcoin’s Relative Strength Index (RSI) indicated an “oversold” condition, which could signal a potential buying opportunity. Seth commented on this market scenario, suggesting that the FOMC’s actions might be targeting traders with high leverage positions, leading to liquidations and added market pressure.
Conclusion
In summary, the Federal Reserve’s stance on interest rates and the ongoing geopolitical tensions have contributed to Bitcoin’s decline below $64,000. Investors and traders are advised to stay informed and cautious, as these factors continue to impact the cryptocurrency market’s dynamics. A thorough understanding of economic indicators and market signals can provide valuable insights for future trading decisions.
| COINOTAG recommends • Exchange signup |
| 📈 Clear interface, precise orders |
| Sharp entries & exits with actionable alerts. |
| 👉 Create free account → |
| COINOTAG recommends • Exchange signup |
| 🧠 Smarter tools. Better decisions. |
| Depth analytics and risk features in one view. |
| 👉 Sign up → |
| COINOTAG recommends • Exchange signup |
| 🎯 Take control of entries & exits |
| Set alerts, define stops, execute consistently. |
| 👉 Open account → |
| COINOTAG recommends • Exchange signup |
| 🛠️ From idea to execution |
| Turn setups into plans with practical order types. |
| 👉 Join now → |
| COINOTAG recommends • Exchange signup |
| 📋 Trade your plan |
| Watchlists and routing that support focus. |
| 👉 Get started → |
| COINOTAG recommends • Exchange signup |
| 📊 Precision without the noise |
| Data‑first workflows for active traders. |
| 👉 Sign up → |
| COINOTAG recommends • Members‑only research |
| 📌 Curated setups, clearly explained |
| Entry, invalidation, targets, and R:R defined before execution. |
| 👉 Get access → |
| COINOTAG recommends • Members‑only research |
| 🧠 Data‑led decision making |
| Technical + flow + context synthesized into actionable plans. |
| 👉 Join now → |
| COINOTAG recommends • Members‑only research |
| 🧱 Consistency over hype |
| Repeatable rules, realistic expectations, and a calmer mindset. |
| 👉 Get access → |
| COINOTAG recommends • Members‑only research |
| 🕒 Patience is an edge |
| Wait for confirmation and manage risk with checklists. |
| 👉 Join now → |
| COINOTAG recommends • Members‑only research |
| 💼 Professional mentorship |
| Guidance from seasoned traders and structured feedback loops. |
| 👉 Get access → |
| COINOTAG recommends • Members‑only research |
| 🧮 Track • Review • Improve |
| Documented PnL tracking and post‑mortems to accelerate learning. |
| 👉 Join now → |
