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Bitcoin, Ethereum, XRP prices react to Fed's no-bailout warning, with Bitcoin near $64,600, down from its peak, and the Fed's next rate decision on July 28 set
Bitcoin's price has fallen to near $64,600, roughly half of its value last October, after Fed Chairman Kevin Warsh told Congress that the Federal Reserve doesn't want to bail out anybody, including crypto [2]. The warning, however, was not aimed at Bitcoin, Ethereum, or XRP, as the Fed has no way to rescue cryptocurrencies and was never going to. The real catalyst for crypto price movements is the Fed's control over interest rates, with the next rate decision set for July 28.
| At a glance | |
|---|---|
| Price | $64,600 |
| 24h % move | -0.81% |
| Key level | $65,000 monthly high |
| Catalyst | Fed's no-bailout warning and interest rate decision |
The Fed's no-bailout warning was in response to a question from Rep. Brad Sherman about whether the Fed would step in to support crypto and stablecoins in the event of a run [2]. Warsh's statement was not a commitment to avoid a bailout, but rather a expression of his desire to limit extreme risks. The Fed's ability to lend in an emergency to almost anyone it judges important enough remains unchanged. Bitcoin's price has been influenced by the Fed's interest rate decisions, with the latest soft inflation report and the upcoming rate decision on July 28 set to impact crypto markets.
The on-chain context shows that two key investor groups are selling into the bounce, with Bitcoin surging toward $65,000 on softer-than-expected inflation data [1]. Ethereum, on the other hand, has outrun Bitcoin as ETF money returns, with almost all of the inflows coming from BlackRock's fund [1]. XRP's price has been affected by the overall crypto market sentiment, with the coin's price reacting to the Fed's no-bailout warning.
The crypto market is highly competitive, with various players vying for market share. The recent launch of Galaxy Curator, a Morpho-based platform, gives Fireblocks' 2,400 institutional clients access to on-chain yield strategies [1]. Tether has invested $20 million in Argentine neobank Ualá, expanding its presence in Latin America [1]. The competitive landscape is set to evolve further, with the introduction of new products and services.
| Token | Price | 24h % move |
|---|---|---|
| Bitcoin | $64,600 | -0.81% |
| Ethereum | $1,735 | 2% |
| XRP | $0.35 | -1% |
The real significance of the Fed's no-bailout warning lies in its potential impact on investor sentiment and market volatility. As the crypto market continues to evolve, it is essential to monitor the key price levels, on-chain activity, and regulatory developments to understand the market's direction. The open question remains whether the Fed's interest rate decisions will continue to influence crypto prices, and how the market will react to the upcoming rate decision.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 2 outlets · Jul 16, 2026 · How we report
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