Weekly Market Update: 22 July 2026
Bitcoin hit a 34-day high of $66,800 despite escalating geopolitical risk. This week: Pump.fun's 20% rally, and why the market shrugged off bad news.
Bitcoin held near $85,000 as markets braced for tariff news, capping BTC's worst Q1 performance since 2018.
Bitcoin rose 5.5% toward $90K as easing geopolitical tensions and a steady Fed decision improved market sentiment.
Bitcoin held $89K-$94K and Ethereum jumped 8% as crypto stabilised ahead of the FOMC decision, despite a run of positive catalysts yet to move price.
Bitcoin flushed to $83K before rebounding to $92.5K as markets repriced the odds of a December Fed rate cut sharply higher.
Bitcoin found a local bottom near $80K and rebounded 12% to $87K as rate-cut odds swung wildly between 35% and 85% in a single week.
Bitcoin briefly closed below its 50-week moving average for the first time since the last bear market as the Fear & Greed Index hit 9.
Bitcoin briefly fell below $100K before reclaiming the level and stabilising near $103.5K, as buyers defended key structural support.
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