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 retraced from $117.8K to key $111K support in a classic 'sell the news' reaction after the widely anticipated FOMC meeting.
Bitcoin broke out to $117K and Solana rallied to $250 ahead of an FOMC meeting where markets priced in a 25bps rate cut.
Bitcoin held a tight $109K-$113K range as markets fully priced in a rate cut at the upcoming FOMC meeting, with Hyperliquid hitting a fresh ATH.
Bitcoin rose 2.5% to open a historically weak month for markets, while Solana and Hyperliquid held bullish structure through the broader cool-off.
Ethereum hit a new all-time high after Powell signalled the Fed was considering rate cuts, before Bitcoin briefly dipped under $110K.
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