Fed meeting could matter more for the Nasdaq than bitcoin, analysts say

Fed rate hike unlikely at July FOMC meeting, but crypto markets are watching closely

Fed holds rates at 3.50%-3.75% on July 29 under chair Warsh, with crypto traders watching despite consensus hold; Warsh's inflation and labor-market commentary will signal future trajectory. Higher Treasury yields now offer real returns, compressing speculative demand and tightening venture capital flow toward early-stage startups.