Current rate: The first cryptocurrency is trading in the range of \(64,100\text{ – }64,300\text{ \$}\). Demand is gradually picking up, and the asset is up about 3% over the past week.

Market context: The asset rebounded from a local bottom at \(58,000\text{ \$}\) (the lowest level in 21 months), recorded in late June amid record outflows from Bitcoin ETFs. The Fear and Greed Index points to a zone of extreme fear, which historically often precedes the formation of a price low.

Main focus: Investors are watching the U.S. Federal Reserve meeting on July 28–29. The interest-rate decision will determine whether the current rebound continues or the market is anticipating a new wave of downside.