Bitcoin traded at $64,466 on July 26 during morning sessions, after rallying above $66,900 earlier in the week. The price action comes after a drop to $57,700 last month. Now the market is looking ahead to several events: the Federal Reserve decision, the CLARITY Act, and some fork drama.
The week so far
Bitcoin started the week strong, pushing past $66,900 before settling back. The move higher recouped some of the losses from June, when BTC briefly touched $57,700. That low was the deepest pullback since the spring. Since then, buyers have stepped in, and the asset has been grinding higher. The $64,000 level has held through Friday morning, though momentum has cooled from the midweek peak.
What's on the horizon
Three big events are looming. The Federal Reserve is set to announce its rate decision this week. The CLARITY Act, a bill aimed at clarifying crypto regulations, is also on the docket. Meanwhile, a contentious fork is brewing. Each of these could move markets in its own way. The Fed's stance on inflation and interest rates tends to sway risk assets broadly. The CLARITY Act, if passed, would give the industry clearer rules — something many have been asking for. The fork drama adds a layer of uncertainty specific to certain networks.
For now, Bitcoin is holding $64,000. Whether it can break higher or retest the $57,000 level depends on how these events play out.
