Bitcoin and Ethereum Gain Ahead of Fed Meeting

Crypto prices are moving upward today, July 29, as the market prepares for the latest monetary policy update from the Federal Reserve. Investors are closely watching the 2:00 p.m. Eastern Time announcement to see if central bank officials decide to keep interest rates steady.

Bitcoin is leading the trend with a gain of 1.64 percent. Meanwhile, Ethereum has climbed by 2.08 percent. These gains suggest that market participants have already priced in the expectation that interest rates will likely remain unchanged for now.

Today serves as a reminder of how closely crypto assets track traditional economic policy. Traders should watch for market volatility immediately following the official announcement, as any surprise in the Fed commentary could shift the momentum quickly.