Leading cryptocurrencies traded flat, while stocks sold off on Wednesday as investors digested the Federal Reserve’s policy decision and renewed Middle East hostilities.
| Cryptocurrency | 24-Hour Gains +/- | Price (Recorded at 9:30 p.m. EDT) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +0.15% | $63,884.81 |
|
Ethereum (CRYPTO: ETH) |
-0.04% | $1,911.12 |
| XRP (CRYPTO: XRP) | -0.24% | $1.07 |
| Solana (CRYPTO: SOL) | +0.17% | $73.72 |
| Dogecoin (CRYPTO: DOGE) | -0.21% | $0.07046 |
Crypto Market Rangebound
Bitcoin traded in a narrow $63,000–$64,000 band on heavy volume, while Ethereum hovered around $1,900 in a similarly tight range. XRP and Dogecoin also moved sideways.
Cryptocurrency-related stocks retreated, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing down 2.94% and 5.58%, respectively.
Nearly $400 million was liquidated from the cryptocurrency market in the last 24 hours, predominantly in bullish long positions, according to Coinglass data
Bitcoin’s open interest rose 1.52% over the last 24 hours. That said, retail and whale derivatives traders on Binance remained net bullish on the leading asset.
Top Gainers (24 Hours)
| Cryptocurrency (Market Cap>$100 M) | Gains +/- | Price (Recorded at 9:30 p.m. EDT) |
| UnifAI Network (UAI) | +50.75% | $0.4591 |
| Velvet (VELVET) | +12.21% | $0.4481 |
| Audiera (BEAT) | +8.66% | $3.75 |
The global cryptocurrency market capitalization stood at $2.18 trillion, following a modest dip of 0.28% over the last 24 hours.
Read Also: Bitcoin Volume Hits 2023 Lows as Analyst Warns Fed Hike Would 'Have Serious Legs'
Stocks in Red After Fed’s Hawkish Tilt
Stocks saw heavy sell-offs on Wednesday. The Dow Jones Industrial Average plunged 1,153.18 points, or 2.19%, to close at 51,594.14. The S&P 500 declined 1.52% to settle at 7,316.1, while the tech-heavy Nasdaq Composite fell 1.74% to end at 24,442.94.
The Federal Reserve left its benchmark interest rate unchanged, as widely anticipated, though three policymakers dissented, favoring a 25-basis-point hike. Traders now price in a 57% chance of a rate increase during the September meeting.
In other news, the U.S. military resumed its strikes against Iran after President Donald Trump vowed a severe response to an Iranian ballistic missile strike on American forces in the Middle East.
U.S. forces began launching strikes against Iran at 8 p.m. ET today. The strikes are a powerful response to yesterday's attempted Iranian attacks on U.S. forces based in the Middle East.
— U.S. Central Command (@CENTCOM) July 30, 2026
Whales Making Most of BTC’s Correction
Ali Martinez, a widely followed cryptocurrency analyst and trader, noted that whales were buying Bitcoin’s dip.
“While Bitcoin retraces, large holders have accumulated 29,075 BTC over the past week, a sign they’re positioning through the pullback,” the analyst added.
Whales are buying the dip!
— Ali Charts (@alicharts) July 29, 2026
While Bitcoin retraces, large holders have accumulated 29,075 $BTC over the past week, a sign they're positioning through the pullback. https://t.co/xa7AKJ8ub1 pic.twitter.com/G87oci2JoC
On-chain analytics firm CryptoQuant stated that Ethereum could be poised for an upside move, as the large-transfer spikes observed in recent months have given way to “historically low transfer volumes.”
“Lower supply is a positive signal for Ethereum, but weak demand continues to keep the price range bound. A new wave of institutional buying could be the catalyst for the next upward move,” the firm added.
ETH Price Poised for an Upside Move: Waiting for Institutional Demand
— CryptoQuant.com (@cryptoquant_com) July 29, 2026
"Lower supply is a positive signal for Ethereum, but weak demand continues to keep the price range bound. A new wave of institutional buying could be the catalyst for the next upward move." – By @PelinayPA pic.twitter.com/eTvz1Y1IzS
Read Also: Bitcoin's Fair Value Is $95,000, Schwab Research Chief Says: Here's Why
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