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Bitcoin Slips Below $63K as Fear Index Hits 29 Ahead of Fed Decision

Market Analysis Capital Flow Stocks Indices

2026-07-28 09:42:23

BTC-2.90%

Bitcoin slipped toward $63,000 on Tuesday, July 28, with the Crypto Fear & Greed Index dropping to 29 as the market derisked ahead of the Federal Reserve's decision on Wednesday. BTC traded around $63,458, down 0.4% on the day and 2.7% on the week. US spot Bitcoin ETFs recorded roughly $465 million in net outflows over July 23-24, with BlackRock's IBIT accounting for nearly $415 million of the exit, signaling a concentrated, macro-driven pullback rather than broad-based selling. The Fed is expected to hold rates steady on Wednesday, though markets are pricing an 80% probability of higher rates by September, fueling caution in the crypto market.

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