Bitcoin Steadies Near $64.2K as Oil Spike Weakens Fed Rate-Cut Bets on July 20

BTC3.42%
XRP4.58%
SOL2.01%
According to CoinDesk, on July 20, Bitcoin traded near $64,200 while Ether rose to $1,860, XRP held at $1.09, and Solana traded at $76 with most crypto tokens showing little movement. Brent crude spiked 4% to $91.42 a barrel amid Middle East conflict, stoking inflation concerns that have prompted analysts to warn of shrinking Federal Reserve rate-cut expectations. The macro risk pressured equities broadly, with South Korea's Kospi falling 3.5% in a technology selloff.
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