Bitcoin shrugs off AI selloff but high-stakes Fed meeting could determine what's next
Reported by CoinDesk · AI-assisted summary by ChikoCorp AI News Desk
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On Monday, July 27, 2026, Bitcoin (BTC) demonstrated resilience by holding around the $65,000 level despite a selloff in AI-linked technology stocks. Since Friday, BTC rose about 4%, with ether (ETH) also gaining and reaching its strongest price in nearly two months. This price stability in crypto contrasted with notable declines in some major AI-focused tech stocks, such as Nvidia, which fell 4.8%, though the overall Nasdaq index was relatively flat supported by gains in companies like Apple, Microsoft, and Google.
Analysts note that this week’s Federal Reserve policy decision, upcoming core inflation data, and earnings reports from major tech firms could be pivotal in setting the next direction for Bitcoin and the broader crypto market. Joel Kruger, market strategist at LMAX Group, described the recent crypto resilience amid traditional market volatility as “encouraging” and suggested a decisive breakout would require Bitcoin to surpass about $67,300 and ether to exceed $2,000. Tom Lee, chairman of Bitmine and co-founder of Fundstrat, also highlighted ether’s recent performance relative to Bitcoin as a bullish indicator.
However, some experts remain cautious. Nicolai Sondergaard, senior research analyst at Nansen, questioned the strength of Bitcoin’s recent rebound, pointing to weak buying conviction and reduced futures open interest, which imply traders may be trimming their risk exposure. According to Sondergaard, without increased stablecoin inflows into exchanges, sustained purchases of spot bitcoin ETFs, and signs that long-term holders have ceased selling at losses, Bitcoin might retreat toward the mid-$50,000 range rather than maintain a breakout.
Looking ahead, the market will likely be influenced heavily by the Fed’s policy stance announced on Wednesday and key U.S. economic releases including core personal consumption expenditures inflation and second-quarter GDP, as well as earnings from Microsoft, Meta, Apple, and Amazon. The week culminates with around $13-14 billion in bitcoin and ether options expiring on Friday, events which combined could dictate whether the recent price strength evolves into a lasting uptrend or fades into a temporary bounce.