๐ฐ Crypto Market Wrap โ July 28, 2026
Markets in the red as investors brace for the FOMC rate decision. BTC is trading around $63,500, down nearly 3% after losing the $65K handle. ETH slumped below $1,900, while BNB held relatively resilient with only a ~1% drop.
๐ป What's driving the drop?
ยท Fed rate hike fears โ CME data now pricing a 37.9% probability of a July rate hike, up from 31.5% yesterday
ยท CLARITY Act delayed โ Senate prioritizing Russia sanctions, pushing the crypto regulatory bil...
$ETH is holding above a major long-term support area after a sharp correction with buyers beginning to defend this level....
If Ethereum maintains support around $1,600-$1,800, it could build momentum for a recovery toward $2,800-$3,200. A breakout above that zone may open the door for a rally toward the previous all-time high near $4,800.
As long as the key support remains intact, the long-term bullish outlook stays alive.
Can Ethereum turn this support into the start of its next major rall...