|

Cryptocurrencies Price Prediction: Bitcoin, Zcash & Crypto – European Wrap 29 July

Bitcoin Price Forecast: BTC steadies above key support as Fed rate decision looms

Bitcoin (BTC) edges slightly higher, trading around $64,400 at the time of writing on Wednesday, after finding support near a key technical level in the previous day. However, the recovery remains fragile, as persistent outflows from BTC spot Exchange Traded Funds (ETFs) and renewed geopolitical tensions continue to weigh on sentiment. Traders now remain focused on the US Federal Reserve (Fed) interest rate decision and its policy stance on Wednesday, which could play a key role in shaping the next directional move for the Crypto King.

Chart

Zcash Price Forecast: On-chain weakness, mounting selling pressure point to further losses

Zcash (ZEC) trades around $460 on Wednesday, stabilizing after a 20% decline over the last 10 days. The privacy coin is losing its retail demand, and network usage is declining, with Open Interest falling 6% in 24 hours and shielded ZEC count down to 4.15 million tokens. The technical outlook for ZEC is mixed, with the price testing a crucial support trendline amid rising bearish momentum.

Chart

Crypto Today: Bitcoin, Ethereum, XRP post modest gains ahead of Fed rate decision

Cryptocurrency prices are broadly stable on Wednesday ahead of the Federal Reserve (Fed) interest rate decision. Bitcoin (BTC) holds above $64,000 but is struggling to sustain its rebound while Ethereum (ETH) sits above the short-term $1,900 support. Meanwhile, Ripple (XRP) is approaching the pivotal $1.10 resistance, a level that could shape the token’s upward trajectory if it is breached.

Chart

Author

FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

More from FXStreet Team
Share:

Editor's Picks

US Fed rate hike fears weigh on Bitcoin – TAO, ADA sustain gains

The broader cryptocurrency market maintains risk-off sentiment ahead of the US Federal Reserve interest rate decision on Wednesday. Bitcoin holds above $63,000 on Wednesday, while Bittensor and Cardano sustain gains from the previous day.

Bitcoin slips below support, Ethereum and XRP flash bearish signals

Bitcoin, Ethereum and Ripple remain under pressure on Wednesday after a mild correction earlier this week. BTC slips below a key support zone, and ETH is testing a key resistance zone. Meanwhile, XRP is drifting toward the psychologically important $1.00 support level.

Crypto hacks hit record high with 212 exploits in H1 2026
Crypto exploits hit a record high in H1 2026, with 212 incidents confirmed across several crypto projects, according to a Tuesday report from Blockaid. Average losses stood at $5.4 million, with a total of $1 billion in exploits in the first six months.
Bitcoin faces muted activity as BitMEX shutdown, FOMC uncertainty weigh on sentiment

Bitcoin eased below $64,000 on Tuesday as traders navigate exchange shutdowns and heightened uncertainty ahead of the Federal Reserve’s policy meeting, according to K33. In a report on Tuesday, K33 noted that BitMEX's decision to shut down marks the end of an important chapter for the crypto derivatives market.

Bitcoin: BTC holds firm, but the $100 Oil threat could change the game
Bitcoin (BTC) is modestly recovering, trading at $65,400 on Friday and holding firmly above the key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) supported BTC’s modest recovery as they continued to attract institutional inflows through Thursday, pointing to the third consecutive week of inflows.