Split decisions
What's being bought and sold*
TOP TRENDING ASSETS
*Trading activity in the past 24 hours on the Uphold platform, as of 8 a.m. 30th July 2026.
The combined total of buy and sell percentages can exceed 100% due to customers who engage in both buying and selling the same asset within the 24-hour time frame.
Don’t invest in crypto unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 minutes to learn more.
What’s up
A Tale Of Two AI Build-Outs
Two tech stocks diverged on a mostly green morning. In Thursday's pre-market trading, shares of Microsoft rose 9% while Meta fell 9%.
Both industry giants are traveling along the same road — ramping up AI infrastructure — although Meta, based on its latest earnings report, is still finding its way.
Meta’s costs/revenues are volatile; it missed on quarterly earnings.
Microsoft, on the other hand, just beat expectations, booking solid revenue, underscoring demonstrable success from multi-billion-dollar data-center investments. (CNBC)
What's down
Markets Regain Composure After Viciously Volatile Fed Decision Day
On Wednesday, the Dow plunged more than 1,000 points and the Nasdaq 100 tumbled into correction territory following the Federal Reserve’s announcement it was keeping interest rates unmoved. The 9-3 "hold" decision comes as wartime inflationary impacts seem unavoidable.
Bond investors in post-market trading on Wednesday evening pushed the 30-year yield to 5.24%, which is the highest level since July of 2007 at the start of the subprime mortgage crisis that ultimately cascaded into the 2008 global financial crisis.
While the longest end of the yield curve ticked 6 basis points higher, the rest of the curve, in a display of calm in a storm, didn't budge much at all.
As of Thursday morning, stock futures were set for a rebound. Big cryptos, including Bitcoin and Ethereum, were decently green on CoinGecko's 24-hour charts.
After yesterday’s Fed decision, as stocks sold off, BTC fell from above $65K to nearly below $63K. As of 10:03 a.m. (EST), BTC’s spot price, per CoinGecko, sat at $64,957.49. That represents a 1.2% increase over the past day. Over the past seven days, the largest crypto is down only a smidgen (-0.2%), per CoinGecko.
What's next
Macro Environment Confounds Experts
Three (out of a dozen) Fed policymakers voted for a rate hike yesterday. At the post-meeting press conference, Fed Chair Kevin Warsh described the schism as merely a "good family fight."
“We will be watching inflation data over the period ahead,” Warsh said. “But I also [do not] want ...to leave [you with] the misimpression that we're sort of breathlessly waiting [on] that. My own judgment is this is a period of watchful thinking, not watchful waiting.”
Four out of four analysts told CoinDesk that the Fed’s move to hold (at a range of 3.50%-3.75%) was hawkish but they’re split about what that means for Bitcoin going forward.
"This is the Fed telling markets it will not tolerate inflation above [2%] target even at the cost of a growth scare," said Andrei Grachev, managing partner at DWF Labs. "For digital assets, that's the least favorable outcome on the table this cycle."
Conventional wisdom: tighter policy spells less liquidity, meaning leveraged positions get more expensive to maintain, ultimately putting pressure on BTC’s price.
Can-Luca Köymen, investment strategist at Sygnum Bank, stressed that, for BTC, a restrictive Fed should not be conflated with a deteriorating backdrop. His firm’s stance on crypto rests on inflationary pressure "remaining manageable.”
Yesterday’s Fed decision, in other words, was a non-event, Köymen concluded.
“What we continue to watch,” he added, “is the oil path and whether the recent improvement in ETF flows and on-chain accumulation persists.”
