Bitcoin and Ethereum Prices Drop Ahead of Fed Meeting on July 28
On Tuesday, July 28, 2026, Bitcoin (BTC-USD) opened at $63,706.66 but fell to $63,327.39 by mid-morning, marking a 2.5% decline from the previous day's opening price. Ethereum (ETH-USD) also dropped, falling 3.2% to open at $1,890.67 and later trading down to $1,877.71 as investors reacted ahead of the Federal Reserve’s two-day meeting. Analysts are calling this one of the most unpredictable Fed meetings in years. According to CME Group's FedWatch tool, there is a 35.8% chance that the Fed will raise interest rates following its decision on Wednesday, up from 25.7% last week. The crypto market remains volatile as investors also process potential peace developments in the Middle East and concerns around AI circular funding. Bitcoin's price has dropped by -46.7% compared to a year ago but is still higher than one month earlier (+6.3%). Ethereum, meanwhile, fell 51.3% from its value a year prior.
Topics: Bitcoin Crypto market Ethereum Federal Reserve meeting