Live updates: Bitcoin clears $64,000 in Asia hours ahead of Fed decision
Markets price a hold at Wednesday's decision, but a real minority sees a surprise hike, with Citadel Securities and UBS among those flagging the risk.
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Markets price a hold at Wednesday's decision, but a real minority sees a surprise hike, with Citadel Securities and UBS among those flagging the risk.
Live updates: Bitcoin clears $64,000 in Asia hours ahead of Fed decision
Bitcoin clears $64,000 in Asia hours ahead of Fed decision. (Jesse Hamilton/CoinDesk)
24 minutes ago
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6:25 AM
Shaurya Malwa
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Bitcoin above $64,000 in Asia hours ahead of Fed decision
Bitcoin traded above $64,000 on Wednesday, up 1% on the day, with the broader market green ahead of the Federal Reserve’s rate decision at 2 p.m. ET, per CoinDesk data. Ether added 1.7% to $1,909 and XRP led the majors at 2.6%.
The base case is a hold. About 70% of traders expect the Fed to keep its rate at 3.50% to 3.75%, a sixth straight meeting on pause, per CME data.
But roughly 30% now price a quarter-point hike, and the case has serious backers: Citadel Securities told clients it
expects a surprise increase
this week to shore up Warsh’s inflation-fighting credibility, and UBS said such a move would not surprise it.
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Latest Research
Crypto Flows, Share and the Selective Rotation
Crypto Flows, Share and the Selective Rotation
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
By
CoinDesk Research
Jul 22, 2026
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Why it matters
:
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
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CD20
$1,744.69
CD20 up 1.36 percent
1.36%
BTC
$64,330.96
BTC up 1.20 percent
1.20%
ETH
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Original YayaNews editorial coverage, published for informational purposes.
This article is sourced from CoinDesk. It is for informational purposes only and does not constitute investment advice.
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