Bitcoin price wedged into ‘most divided’ FOMC as Iran war spikes oil prices 8%
Bitcoin traders weathered an oil-price surge and ongoing Asia chip-stock sell-off into the Federal Reserve interest-rate decision.
New research outlines a cryptographic approach that could allow Bitcoin and other blockchain wallets to remain compatible with existing addresses in a post-quantum future.
Bitcoin briefly surged to $64,500 before pulling back to $63,700, ending down 0.6% on the day with its market cap holding at $1.277 trillion. Moderate Pullback Limits Liquidations Bitcoin seesawed July 29 as global markets reacted to a surprise Iranian strike on a U.S.
July 29, 2026, 6:58 pmChair Kevin Warsh kept the federal funds rate at 3.5%–3.75% and offered no new signals on when cuts—or hikes—might come.
July 29, 2026, 6:43 pmBitcoin traders weathered an oil-price surge and ongoing Asia chip-stock sell-off into the Federal Reserve interest-rate decision.
The Q2 split favored colocation, although management did not say conversion had become compulsory.
Rising market sell order volume and declining Open Interest pointed toward defensive positioning from crypto traders.
The sanctions may exacerbate U.S.-Iran tensions, complicating nuclear talks and affecting market confidence in diplomatic resolutions.
Hut 8's strategic facility expansion in West Texas highlights the growing trend of specialized roles and partnerships in Bitcoin mining.
Strategy's cash reserve bolsters financial stability, potentially influencing Bitcoin market dynamics with latent buying power.
Bitcoin traded near $64,400 on Wednesday morning at 8:30 a.m. EDT, up roughly 1.6% over the previous 24 hours as positioning accelerated ahead of the Federal Reserve’s afternoon rate decision.
Bitcoin mining difficulty has undergone several notable downward adjustments in recent months. Such declines usually indicate that hashrate has left the network. For miners that remain online, this can improve theoretical output per unit of computing power.
Bitcoin miners are redirecting billions of dollars and scarce power capacity toward artificial intelligence as BTC’s downturn pushes mining profitability close to historic lows.