Cryptocurrency News & Market Updates

TL;DR

• The Federal Reserve announces its rate decision on Wednesday, July 29, with no dot plot at this meeting, followed a day later by the Q2 GDP advance estimate and June PCE inflation data.
• Coinbase and Strategy report second-quarter earnings on Thursday, July 30, hours after the Fed decision; Strategy continues to hold 843,775 BTC, acquired for roughly $63.69 billion.
• The monthly Bitcoin and Ether options expiry on Deribit settles Friday, July 31, ahead of the July jobs report on August 7 and July CPI on August 12.
• If the Fed’s tone diverges from what GDP and PCE show the next morning, markets may need to reconcile conflicting signals quickly rather than settle into one narrative.

Fed decision, GDP, and PCE: Wednesday, July 29 and Thursday, July 30

The Federal Open Market Committee announces its interest rate decision at 2:00 p.m. ET on Wednesday, July 29, at the conclusion of its two-day meeting, with no Summary of Economic Projections or dot plot at this meeting. The Committee held its target range at 3.50%–3.75% in June and said further action depends on incoming data, so this cycle the statement wording and Chair Kevin Warsh’s 2:30 p.m. ET press conference carry the signal rather than a rate move itself.