Cryptocurrency News Today: Fed Decision, SEC Support Clarity

There are three things hitting cryptocurrencies at once today, and they are going in different directions. The Fed announced its decision this afternoon with a real chance of a rate hike, the SEC Chairman just endorsed a cryptocurrency bill that the Senate continues to delay, and a chip hack in China sent Asian markets into the opposite direction overnight. Here’s the big picture, what each one means, and the important levels to close.

Bitcoin is trading close $64,200 On July 29, 2026, after recovering the $63,000 level after a brutal Tuesday, while Ethereum stabilized near $1,920 (Live prices on CoinGecko). Bitcoin dominance is around 59%, and the market is in a consolidation pattern ahead of the main event in the afternoon. Trading was thin, positions were cautious, and the entire market was waiting.

Here is everything crypto moves today.

1. The Fed decides this afternoon

the Federal Open Market Committee It announces its interest rate decision at 2:00 PM ET today, followed by Chairman Kevin Warsh’s press conference 30 minutes later. This is its second meeting since the cancellation of future directives in June.

Important details: Reservations are expected but not guaranteed. Market prices place roughly 70% odds on interest rates remaining at 3.50% to 3.75%, leaving roughly 30% odds of interest rates rising by a quarter of a percentage point. This is an unusually high probability of a meeting that the market calls for suspension, which explains the caution. In this context, the odds of a rise reached 36% earlier this week.

What each outcome likely means: Holding firm with dovish inflation language could push Bitcoin back toward the $66,000 to $68,000 region. Any hard surprise, whether it’s an actual increase or language indicating it in September, would likely push it toward $61,000 or lower. The next FOMC meeting is not until September, so today’s tone sets the overall backdrop for the rest of the summer.

2. The SEC Chairman supported the Clarity Act, and it barely helped

This is the most interesting political development today. second President Paul Atkins has publicly expressed his support for The law of claritya bill that would determine which digital assets would fall under the supervision of the Commodity Futures Trading Commission (CFTC) instead of that of the Securities and Exchange Commission (SEC). The head of the agency that spent years prosecuting cryptocurrency companies now supports the bill that would limit its jurisdiction.

This is a really important signal for the long-term regulatory path of this industry. However, the market reaction was weak, and the reason was timing. The Senate has effectively run out of runway ahead of its August recess: Majority Leader John Thune has prioritized the Russia sanctions package and slate of nominations ahead of the cryptocurrency bill, and no vote has been scheduled. Seven Democrats, including Angela Allbrooks and Cory Booker, have tied their support to stricter ethics rules covering elected officials’ involvement in digital asset projects, a fight tied to President Trump’s cryptocurrency projects.

Translation: Authentication is important for final passage, but the realistic timeline has just been pushed back to September. The catalyst that lifted cryptocurrencies in mid-July is off the table at the moment.

3. China’s chip hack shook Asian markets

The overnight story wasn’t about cryptocurrencies at all, which is exactly why it matters. Reports of a Chinese breakthrough in DUV chip manufacturing technology sent South Korea’s KOSPI index down more than 10%, with Samsung Electronics down more than 5% and SK Hynix nearly 10%. Japanese markets also fell.

Crypto felt this because the two markets are still connected through the same institutional risk budgets. Bitcoin fell 3% to an 11-day low on Tuesday as the shock spread, triggering roughly $700 million worth of forced liquidations. Today’s bounce back above $63,000 is partly the sell-off that has exhausted itself. Lesson holders continue to relearn this year: when AI and semiconductor trading fluctuates, cryptocurrencies are sold alongside them regardless of their fundamentals.

4. The flows tell a mixed story

ETF data is a structural signal worth tracking, and is really improving from a low base. Spot Bitcoin ETFs had a three-week streak of inflows through mid-July worth roughly $560 million (Daily flow data on Farside), led by BlackRock’s IBIT and Fidelity’s FBTC, reversing part of June’s damage. The series broke on July 23 with $225 million in outflows.

Zoom out and the picture remains sobering: U.S.-traded Bitcoin ETFs still have roughly $4.8 billion in net outflows for 2026 as a whole. In July, about 10% of this annual deficit was restored. Altcoin products saw modest inflows last week, with Solana at $8.1 million and XRP at $8.2 million. Demand is returning, but slowly, and the year has not turned around yet.

5. Two things worth knowing behind the headlines

Grayscale Submitted to the SEC To launch the first exchange-traded fund (ETF) tracking Worldcoin’s WLD token, proposed for Nasdaq under the ticker GWLD. It would give traditional investors regulated exposure to Sam Altman’s biometric encryption project. WLD rose 8% on the news, and filings suggest that the altcoin-ETF pipeline continues to expand beyond major coins.

Strategy, the largest bitcoin holder, has introduced new valuation metrics including “net bitcoin per share,” designed to show how much bitcoin actually belongs to common shareholders after accounting for its preferred liabilities. This is a direct response to criticism that its financial structure obscures how much Bitcoin backs each stock, and is worth watching as a shift in transparency among corporate holders.

Key levels of decision

Bitcoin: Support is at $63,000, then $61,000 if the Fed disappoints, with the June low near $57,700 as the structural floor. Resistance is at $66,000, then $68,000, a level that Bitcoin failed to clear all month.

Ethereum: ETH was the best performer in July, rising from $1,570 to over $1,900 based on record stakes and ETF interest returns. Support is $1880, then $1800. Resistance is at $2,000, a psychological line that has not been reclaimed since the spring.

Bottom line

Cryptocurrencies enter the Fed’s decision with modest gains, with Bitcoin approaching $64,200 and Ethereum near $1,920, following the risk-off shock due to chips and with the main regulatory catalyst pushed into September. The SEC Chairman’s approval of the CLARITY Act is a real long-term positive, and the calendar simply won’t allow the market to enjoy it yet.

Everything now points to 2:00 PM ET. Reserving soft language reopens between $66,000 and $68,000; A hardcore surprise puts $61,000 in play. Watch the decision, Warsh’s tone, and whether ETF flows will resume next. It is this last headline, more than any headline, that will decide whether the recovery in July continues into August.

This is not investment advice. Cryptocurrency is very volatile. Always do your own research.