Bitcoin Steady Near $64K as Markets Assess Fed Outlook and

Bitcoin traded around $64,352 on Friday, up 0.5%, showing limited movement despite a strong rally in U.S. technology stocks following Microsoft's earnings.

Market sentiment remained focused on the Federal Reserve after policymakers kept interest rates unchanged earlier this week without providing clear guidance on future policy. Ongoing geopolitical tensions in the Middle East also remained in focus, with Brent crude trading near $86.44 per barrel.

Meanwhile, Bitcoin exchange-traded funds (ETFs) recently recorded mixed flows after a period of sustained inflows, reflecting changing market sentiment.

Among crypto-related companies, Strategy Inc. reported a second-quarter accounting loss linked to lower Bitcoin valuations while increasing its Bitcoin holdings during the quarter. Coinbase shares declined in after-hours trading following quarterly results.

Bitcoin has gained nearly 10% in July after declining more than 20% in June. Ethereum, XRP, Solana and Cardano also traded modestly higher during Friday's session.

Investors will continue monitoring U.S. economic data, Federal Reserve communications and geopolitical developments for further market direction.

Sources: Reuters, Investing.com.

Bitcoin Steady Near $64K as Markets Assess Fed Outlook and Geopolitical Risks