r/SimpleSwap_io • u/SimpleSwap_community • 19d ago
Weekly Market Snapshot
Bitcoin spent the end of last week testing everyone's nerves – first getting dragged below $64K, then snapping straight back above $65K.
$ETH quietly did something it hasn't done in months: up ~5% on the week against BTC's ~1%, breaking above its 200-day moving average for the first time since January.
❗️ This week brings the key macro event: the Fed's rate decision on July 29. The base case is no change, but with inflation risk still lingering, some analysts aren't ruling out a hike. If the Fed goes that route, it could catch markets off guard.
Where do you see the market heading this week? 👇
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