Bitcoin Reclaims $64K Ahead of FOMC as Ethereum Leads ETF Inflows
Bitcoin trades flat near $64,000 with tentative recovery signals as it approaches key resistance at $65,000 ahead of the FOMC meeting. Ethereum outperforms
Summary
- Bitcoin trades flat near $64,000 with tentative recovery signals as it approaches key resistance at $65,000 ahead of the FOMC meeting.
- Ethereum outperforms Bitcoin on institutional ETF inflows amid a broader July 2026 market rally.
- Spot volume sits near multi-year lows, highlighting seasonal risks ahead of August.
Bitcoin sits near $64,000 in late July 2026. It reclaimed that level ahead of the Fed's FOMC decision. Ethereum leads ETF inflows while markets show mixed recovery signals after tensions with Iran eased.
Softer data eased near-term rate hike fears. Low volume leaves the move open to reversal.
Context
Bitcoin advances cautiously after geopolitical pressure lifted. Markets turn to the FOMC for policy clarity. Ethereum draws stronger institutional interest through ETF channels than Bitcoin.
History adds caution. Bitcoin has posted losses in August every year since 2022.
On-chain data and cycle signals suggest turning points stay uncertain until volume returns.
Details
Spot volume hovers near multi-year lows even as Bitcoin presses toward $65,000. This move comes with Treasuries out-yielding the carry trade for only the second time on record. Ethereum ETF inflows continue to lead amid corporate buying in July 2026.
"Bitcoin firmed toward $65,000 on Thursday as softer economic data eased September Fed hike fears, with spot volume near multi-year lows."
Seasonal headwinds remain in focus. Low participation raises reversal odds.
Bitcoin's historical tops after halvings also challenge overly bullish long-term views.
Outlook
The FOMC decision will test whether this price action extends or fades. Ethereum ETF inflows and overall volume serve as key indicators to watch in the weeks ahead.
