Crypto News Updates, 20.07.26
$BTC just sliced through $64k and is hovering near $63.6k after rejecting $65.6k twice. $ETH followed, giving back most of Monday’s push toward $1,980 and sitting under $1,890. Roughly $700M in liquidations hit as the move accelerated.
The catalyst is straightforward: risk-off ahead of the two day Fed meeting. Odds of a hike jumped to about 36%, Asia equities got crushed (Kospi –10%), and traders simply didn’t want leverage into the decision. Spot BTC ETF flows flipped negative again yesterday, removing a key bid that had been steady earlier in the month.
Support at $63k is the line traders are watching now. Hold it and the market can still treat this as positioning. Lose it cleanly and the next stop gets lower fast. #news
$BTC just sliced through $64k and is hovering near $63.6k after rejecting $65.6k twice. $ETH followed, giving back most of Monday’s push toward $1,980 and sitting under $1,890. Roughly $700M in liquidations hit as the move accelerated.
The catalyst is straightforward: risk-off ahead of the two day Fed meeting. Odds of a hike jumped to about 36%, Asia equities got crushed (Kospi –10%), and traders simply didn’t want leverage into the decision. Spot BTC ETF flows flipped negative again yesterday, removing a key bid that had been steady earlier in the month.
Support at $63k is the line traders are watching now. Hold it and the market can still treat this as positioning. Lose it cleanly and the next stop gets lower fast. #news