Crypto closed out July on the back foot, sitting out Friday's stock rally as the Federal Reserve's hawkish hold and stubbornly high inflation pushed the rate cuts bulls were counting on further out of reach.

BTC recovered 0.75% to $64,328 as markets positioned cautiously ahead of the Fed's rate decision, with inflation at 4.1% keeping a hike firmly on the table despite easing oil…

Bitcoin steady ahead of Fed decision, market fear persists. Analysts highlight BTC whale accumulation while another argues $40,000 is an unrealistic base-case target.