Crypto Market Today: Majors Consolidate After This Week’s Fed-Driven Rally as BOJ Decision Looms

Last Updated: July 31, 2026

The crypto market is broadly consolidating on July 31, 2026, following this week’s rally after the Federal Reserve held rates steady. Bitcoin is trading at $63,865.33, down 0.48% over 24 hours, while BNB stands out with a 4.19% weekly gain as capital rotates into select altcoins ahead of today’s Bank of Japan decision.

Key Takeaways

• Bitcoin trades at $63,865.33 (-0.48%), Ethereum at $1,889.64, and BNB leads majors with a 4.19% weekly gain
• The Federal Reserve held rates steady at its July 29 meeting, and crypto rallied afterward as markets priced out the elevated hike risk that had built up beforehand
• Slower US inflation data released overnight is supporting risk appetite broadly, a modest tailwind for crypto and other risk assets
• The Bank of Japan announces its own rate decision today, alongside earnings from Apple, Amazon, and Coinbase, keeping the catalyst calendar dense
• The XRP Ledger ecosystem and Layer 2 tokens were named among the market’s top-gaining sectors, even as XRP itself trades in a narrow range
• HBAR has reversed its recent outperformance, now down roughly 8% over the past week and trailing the broader market

Market Overview

Asset	Price	1h	24h	7d
Bitcoin (BTC)	$63,865.33	-0.11%	-0.48%	-2.28%
Ethereum (ETH)	$1,889.64	+0.21%	-1.14%	-0.01%
Tether (USDT)	$0.9989	+0.00%	+0.04%	-0.04%
BNB (BNB)	$592.16	+0.24%	+2.68%	+4.19%
USDC (USDC)	$0.9997	+0.00%	-0.00%	-0.03%
XRP (XRP)	$1.07	+0.22%	-0.10%	-3.28%
Solana (SOL)	$73.63	+0.07%	-0.01%	-2.88%
TRON (TRX)	$0.3285	+0.05%	+0.33%	-0.70%
Hyperliquid (HYPE)	$54.86	-0.82%	+1.66%	-6.91%
Dogecoin (DOGE)	$0.06999	+0.39%	-0.09%	+0.13%
Zcash (ZEC)	$459.58	+0.24%	-3.41%	-10.22%

What’s Driving the Market Today

Post-Fed consolidation. The Federal Reserve held rates steady at its July 29 meeting despite prediction markets pricing a real, non-trivial chance of a surprise hike beforehand. Crypto rallied in the aftermath, and today’s price action reflects markets consolidating that move rather than pushing decisively further in either direction.

BNB and altcoin rotation. BNB is today’s standout performer among majors, up 4.19% over the past week, while the XRP Ledger ecosystem and Layer 2 tokens were named among the market’s top-gaining sectors — even as XRP itself and several other majors trade in narrower ranges.

HBAR reverses course. After a stretch of notable outperformance, HBAR is now down roughly 8% over the past week, trailing both the broader market and comparable smart-contract platforms in what looks like normal mean-reversion rather than a reaction to negative news.

Zcash remains the market’s laggard. ZEC continues underperforming even after its Ironwood upgrade activated successfully on July 28, extending a sell-the-news pattern that’s persisted since well before the upgrade.

Bank of Japan decision looms. Today’s BOJ rate announcement, alongside earnings from Apple, Amazon, and Coinbase, is keeping the broader market in a cautious, wait-and-see mode following this week’s Fed-driven volatility.

Regulatory Watch

Ongoing regulatory scrutiny of large US exchanges remains a persistent background source of uncertainty for the sector, even as this week’s macro data — slower inflation and a Fed hold — has been broadly supportive for risk assets including crypto.

For asset-specific coverage, see Bitcoin news today, Ethereum news today, XRP news today, Dogecoin’s price page, Zcash news today, HBAR news today, and today’s top crypto headlines.