Crypto Market Update Today, July 29

The crypto market is green today, July 29, as traders await the Federal Reserve’s monetary policy decision at 2.00 p.m. Eastern Time.

Top Movers

• Bitcoin (BTC) and Ethereum (ETH) are up by 1.64% and 2.08%, respectively, as the markets price in the odds of the Federal Reserve leaving interest rates unchanged at today’s FOMC meeting.
• XRP price is up by 3.3% to $1.08, making it the biggest gainer among the top-ten largest cryptos. XRP’s gains come after OSL Digital Securities became the first SFC-licensed platform to offer retail traders access to XRP spot trading.

• Uniswap (UNI) is also a leading gainer in the crypto market today after rising by 5.50% to trade above $4 for the first time since May 2026.
• MSTR stock is making the biggest moves in pre-market trading today, July 29. The stock is up by 1.30%, with the gains coming two days after Strategy increased its cash reserves to $3.75 billion.

Biggest News of the Day

• Russia has issued an international arrest warrant against the co-founder of Telegram, Paul Durov. Russia accuses Durov of “facilitating terrorism and facilitating Ukrainian attacks on Russian targets.
• GRAM (previously TON) is down by 2.97% on the news to trade at $1.40 at the time of writing despite the rest of the crypto market rising. CoinMarketCap data also shows a 51% increase in GRAM’s trading volumes.

• Geopolitical tensions are also back in focus after the US and Saudi Arabia launched joint strikes against Iranian targets.
• The recent strikes have reduced the odds of another ceasefire deal, with the price of crude oil rising by 5%. The crypto market is shrugging off the tensions as most coins trade in the green.

Crypto Market Data

• Total Crypto Market Cap: $2.2 trillion (+1.35%)
• 24-hour Trading Volumes: $63.88 billion
• Bitcoin: $64,438 (+1.64%)
• Ethereum: $1,911 (+2.08%)
• XRP: $1.08 (+3.3%)
• Bitcoin Dominance: 58.8%
• Ethereum Dominance: 10.5%
• 24-hour liquidations: $429 million in total liquidations ($309 million in long liquidations and $119 million in short liquidations)

• Altcoin Season Index: 49/100
• Fear and Greed Index: 29 (Fear)

What to Watch in the Crypto Market Today

• The FOMC meeting is the main event to watch today as traders await the Fed’s decision on interest rates at 2.00 p.m. Easterm Time. The Fed Chair, Kevin Warsh, will also speak at 2.30 p.m. Eastern Time.
• Robinhood will also release its Q2 earnings results today after the market closes. HOOD stock price is up slightly in pre-market trading after dropping by 3% on July 28 to close trading at $92.

• Microsoft and Meta will also release their earnings today, with investors watching whether the two tech giants will also reveal spending towards AI as the AI bubble fears worsen.
• Last week’s earnings by Alphabet and IBM pushed crypto stocks lower due to concerns that the investments going towards AI could leave companies with reduced cash flows or in debt.

Catch up on yesterday’s biggest moves in our Crypto Market Brief for July 28.