Bitcoin and Ethereum Prices Rise After Fed Holds Interest Rates Steady
On Thursday, July 30, 2026, Bitcoin (BTC-USD) opened at $63,902.90 but rose to $64,838.92 by 9:00 a.m. ET. Ethereum (ETH-USD) started lower than Wednesday's open before climbing to $1,923.23 in the same timeframe. Both cryptocurrencies saw significant monthly gains compared to their opening prices from one month ago. The price increases appear linked to the Federal Reserve’s decision not to raise interest rates at this time. Higher borrowing costs typically reduce investor appetite for riskier assets like crypto, so a pause may have encouraged buying activity in digital currencies. However, ongoing geopolitical tensions—particularly escalating conflict in Iran—are keeping concerns about potential rate hikes alive later this year. Investors remain cautious as they assess the likelihood of future interest rate increases and evaluate Fed Chair Warsh’s recent comments.
Topics: Bitcoin Ethereum Fed rates Market reaction