TradingKey – The Fed keeps interest rates unchanged; Bitcoin maintains its range-bound trend, but is pressured by waves of crypto exchange closures.

On July 30, Bitcoin ( BTC) price maintained its range-bound trend, smoothly weathering the Federal Reserve (Fed) policy meeting. Over the past 24 hours, Bitcoin fluctuated by less than 1%, trading in a narrow range around $64,000, and was temporarily reported at $64,007.

Bitcoin Price Chart (Minutes), Source: CoinMarketCap

At 2:00 a.m. Beijing time on Thursday (the 30th), the Federal Reserve officially announced its interest rate decision, showing that the target range for the federal funds rate remains unchanged at 3.50-3.75%. This is the fifth consecutive pause, meaning the risk of a hawkish…