Last Updated: July 28, 2026
Bitcoin is trading at $63,382.39 as of July 28, 2026, down 2.69% over the past 24 hours and down 4.29% over the past week, after South Korea’s KOSPI index plunged as much as 11% overnight on a semiconductor-driven selloff. The drop pulled Bitcoin back under $64,000 for the third time this week, with the Federal Reserve’s rate decision now the dominant catalyst heading into Wednesday.
Key Takeaways
- Bitcoin trades at $63,382.39, down 2.69% today and down 4.29% over the past week
- South Korea’s KOSPI index plunged as much as 11% overnight, its worst session since April, as Samsung and SK Hynix tumbled on AI-chip competition concerns from China
- More than $670 million in leveraged crypto positions were liquidated in the past 24 hours, amplifying the decline
- Roughly $11.64 million left US spot Bitcoin ETFs, with IBIT posting the largest single-fund outflow
- Despite the price drop, wallets holding 10-10,000 BTC accumulated nearly 19,700 coins over the latest 8-day period, a sign of steady whale buying beneath the surface
- The Senate has shelved the CLARITY Act to prioritize a Russia sanctions bill, making a vote unlikely before the August 8 recess
Market Overview
| Metric | Value |
|---|---|
| Price | $63,382.39 |
| 1h Change | -0.17% |
| 24h Change | -2.69% |
| 7d Change | -4.29% |
| Market Cap | $1.27T |
| 24h Volume | $27.32B |
| Circulating Supply | 20.06M BTC |
Bitcoin Price Today
BTC has broken below $64,000 for the third time since July 24, part of a choppy back half of the month where that level has become a battleground for traders. Today’s decline traces directly to a semiconductor-driven equity rout in Asia: South Korea’s KOSPI tumbled toward its lowest level since April as Samsung Electronics and SK Hynix — which together make up more than half the index’s market cap — sold off sharply on concerns about China’s advancing chipmaking capacity. Crypto has increasingly traded as a high-beta extension of tech stocks throughout 2026, and today’s move fits that pattern.
Support and Resistance
| Level | Price |
|---|---|
| Resistance 2 | $65,500 |
| Resistance 1 | $64,000 |
| Current Price | $63,382 |
| Support 1 | $62,900 |
| Support 2 | $58,000 |
Bitcoin ETF News Today
Spot Bitcoin ETFs saw net outflows of roughly $11.64 million, with IBIT posting the largest single-day redemption. That’s a modest figure relative to the fund category’s overall size, but notable given today’s price weakness. More encouraging: on-chain data shows wallets holding between 10 and 10,000 BTC — a range associated with serious individual and smaller institutional investors — added nearly 19,700 BTC over the latest eight-day tracking window, suggesting accumulation is continuing beneath today’s headline price action.
Why Is Bitcoin Down Today?
Today’s decline is macro-driven, not Bitcoin-specific. The KOSPI’s plunge — its eighth circuit-breaker event of 2026 — reflects a broader unwind in AI-infrastructure-linked equities, and crypto has moved in tandem with chip stocks for much of the year. Layered on top, the Federal Reserve opened its two-day meeting today with rates held at 3.50%-3.75% for a fourth straight meeting, and options markets are positioned for a high-volatility window running through Thursday’s GDP and core PCE data. On the regulatory side, the Senate’s decision to prioritize a Russia sanctions bill over the CLARITY Act removes a potential near-term positive catalyst, though it isn’t a new negative — the bill was already given low odds of passing before the recess.
What This Means for the Days Ahead
The Fed’s rate decision Wednesday is this week’s clearest catalyst, with Thursday’s GDP and core PCE data adding a second high-volatility session immediately after. A hold with dovish language could help stabilize risk assets broadly; a hawkish surprise could extend today’s pressure. Separately, watch whether the KOSPI and broader Asian tech selloff stabilizes — continued weakness there has repeatedly spilled into crypto this year even without a crypto-specific catalyst.
For broader market context, see crypto market today and today’s top crypto headlines. See how Ethereum, XRP, and Dogecoin are trading through the same pressure, and check Zcash news today for coverage of today’s Ironwood upgrade activation. For the underlying drivers behind days like this, see why is crypto down today.
Frequently Asked Questions
Why is Bitcoin price down today?
Bitcoin is falling alongside a broader risk-off move triggered by South Korea's KOSPI index plunging as much as 11% on a semiconductor-stock selloff. Crypto has traded as a high-beta extension of tech stocks for much of 2026, and today's decline follows that same pattern rather than any Bitcoin-specific negative news.
What's the latest Bitcoin ETF news?
Spot Bitcoin ETFs saw roughly $11.64 million in net outflows today, with IBIT posting the largest single-fund redemption. Despite this, on-chain data shows wallets holding 10-10,000 BTC accumulated nearly 19,700 coins over the past eight days, suggesting steady underlying institutional and high-net-worth demand persists even as short-term ETF flows turn slightly negative on a weak day for prices.
When is the next Federal Reserve rate decision?
The Federal Reserve's rate decision is due Wednesday, July 29, 2026, with GDP and core PCE inflation data following Thursday. Markets are pricing in a hold on rates, and any change in tone from the Fed's statement or Chair Kevin Warsh's press conference could move Bitcoin and broader crypto markets significantly in either direction.
Is now a good time to buy Bitcoin?
This is not financial advice. Bitcoin remains volatile and sensitive to macro conditions, Fed policy, and equity-market spillover effects like today's KOSPI-driven selloff, which pulled crypto lower alongside Asian tech stocks. Anyone considering an investment should weigh their own risk tolerance, time horizon, and financial situation, and consider consulting a licensed financial advisor before deciding.
