Bitcoin is trading at $64,494 as the market waits for the Federal Reserve’s next policy decision, a level that has become a short-term anchor for the cryptocurrency. The 24-hour trading volume stands at $12.35 billion, and the market capitalization is $1.29 trillion, reflecting a market that is neither panicking nor chasing a breakout.
The price is wedged between immediate support at $64,253 and resistance at $64,409, a corridor that has contained price action in recent sessions. The 14-day Relative Strength Index sits at 50.76, signaling a market in equilibrium. The 20-day simple moving average at $64,217 and the 50-day at $63,114 provide nearby floors, while the 200-day moving average at $72,388 remains a distant ceiling.
Institutional flows have turned cautious. Spot Bitcoin ETFs recorded net outflows of $225.18 million on July 24 and over $240 million on July 25, snapping a seven-session streak of inflows. The shift coincides with a climb in the U.S. 10-year Treasury yield to 4.71%, its highest since January 2025, which raises the opportunity cost of holding a non-yielding asset like Bitcoin. In contrast, Ethereum ETFs attracted $103.9 million for the week ending July 24, suggesting a relative rotation within the crypto space.