Bitcoin at $64,142 on 29 July 2026: Market Update

Bitcoin is trading at $64,154 USD or ₹6,149,802 INR, marking a +1.41% increase over the last 24 hours. The crypto market is looking towards the Federal Reserve’s interest-rate decision, as inflation remains at 4.1%, keeping an increase firmly on the table even as oil prices ease. This backdrop for potential Fed action is a pivotal factor for Bitcoin‘s price trajectory.

Bitcoin’s Resilience Amidst Fed Uncertainty

Bitcoin ($64,154 USD | ₹6,149,802 INR) has demonstrated considerable resilience, inching up by +1.41% in the last 24 hours. This price action occurs as the global financial stage braces for a crucial Federal Reserve meeting. With inflation stubbornly hovering at 4.1%, the prospect of an interest rate hike remains a significant consideration, despite easing oil prices. This macro-economic uncertainty, amplified by the Fed’s impending decision, is a key driver for Bitcoin‘s current valuation. The news that “Bitcoin steadies above $64,000 as crypto looks to Fed interest-rate decision” directly captures this dynamic, highlighting how the digital asset’s movement is intricately linked to central bank policy expectations. For Indian investors, this means that the global macro narrative directly influences the INR value of their Bitcoin holdings, even more so given the current USD/INR rate.

Navigating Currency Fluctuations: USD/INR Impact on Indian Crypto Portfolios

The current USD/INR exchange rate stands at ₹95.86. For Indian retail investors holding cryptocurrencies denominated in USD, such as Bitcoin ($64,154 USD | ₹6,149,802 INR) and Ethereum ($1,902 USD | ₹182,325 INR), this exchange rate plays a crucial role in determining their actual returns in Indian Rupees. A strengthening INR (a lower ₹ figure) would typically diminish INR returns for the same USD price movement, while a weakening INR (a higher ₹ figure) would amplify INR returns. Conversely, if the INR depreciates, the INR equivalent of their crypto holdings increases, even if the USD price remains flat. Today, with Bitcoin showing a positive +1.41% move and Ethereum at +1.03%, the prevailing USD/INR rate of ₹95.86 means that the Rupee-denominated gains are realized through the combined effect of the crypto’s dollar appreciation and the currency’s stability or movement. Understanding this interplay is vital for accurate portfolio performance assessment.

Ethereum’s Performance Relative to Bitcoin: A Stable Ratio

Ethereum ($1,902 USD | ₹182,325 INR) has seen a modest increase of +1.03% over the past 24 hours. The ETH/BTC ratio currently stands at 0.0296. This ratio indicates that Bitcoin has been trading with greater steadiness than Ethereum today, with Bitcoin outperforming Ethereum in terms of relative price stability. While both major cryptocurrencies are in positive territory, Bitcoin‘s slightly stronger performance suggests that capital might be favouring the more established digital asset in the current risk environment. For investors tracking the broader crypto market, this ETH/BTC ratio can be an indicator of investor preference between the two dominant cryptocurrencies, signalling potential shifts in market sentiment towards riskier altcoins or a preference for the perceived safety of Bitcoin.

Solana’s Modest Gains Amidst Broader Market Movement

Solana is currently priced at $73.44 USD or ₹7,039 INR, reflecting a gain of +0.37% in the last 24 hours. This represents a more subdued performance compared to both Bitcoin and Ethereum today. In the absence of specific news driving significant altcoin movement, Solana‘s performance mirrors a broader trend where larger-cap cryptocurrencies are dictating the pace. While the crypto space is generally trending upwards, the altcoin segment, as exemplified by Solana, is showing less pronounced gains. This could suggest that capital is consolidating around the top-tier digital assets, or that the current market conditions are not yet conducive for a broad-based altcoin rally. Indian investors holding Solana would be looking for stronger upward momentum to translate into significant INR gains, especially considering the current USD/INR rate.

Investor Sentiment: Navigating the ‘Fear’ Zone

The Crypto Fear & Greed Index currently reads 29 out of 100, firmly within the ‘Fear’ territory. Historically, readings in the range of 25-45 have often signaled accumulation zones. Both the March 2020 crash and the Q4 2022 period saw sustained institutional buying emerge when the index hovered within these levels. This ‘Fear’ reading suggests that investor sentiment is currently cautious, potentially presenting an opportune moment for strategic accumulation for those with a long-term outlook. For Indian investors, this sentiment reading, coupled with the current price action of Bitcoin at $64,154 USD | ₹6,149,802 INR and Ethereum at $1,902 USD | ₹182,325 INR, can inform their decision-making process. The prevailing fear might be masking underlying opportunities if historical patterns hold true.

FII Inflows Signal Confidence in Indian Equities

In a significant development for Indian equities, Foreign Institutional Investors (FIIs) have been net buyers today, injecting ₹2,981.87 Cr into the market. This follows a period of mixed flows over the previous trading sessions. On July 23rd, FIIs were net sellers at ₹-819.20 Cr, followed by a substantial sell-off on July 24th at ₹-3,892.77 Cr. However, the trend reversed in the subsequent days with net buying recorded on July 27th and 28th, albeit at lower volumes. The substantial net buying of ₹2,981.87 Cr today, coupled with Domestic Institutional Investors (DIIs) also being net buyers at ₹998.02 Cr, has coincided with a positive Nifty movement, closing at 24,250.20. This strong institutional buying in equities, particularly from FIIs, suggests a growing confidence in the Indian economic outlook and its equity markets. While this is a positive signal for Indian stocks, it’s important to monitor if this capital allocation has any indirect implications for crypto flows, though direct correlations can be complex and often delayed. The fact that FIIs are actively buying Indian equities at these levels, even as the crypto Fear & Greed index sits at 29, highlights a divergence in perceived opportunities between asset classes for institutional players.

Crypto Tax Mechanics: An Illustration with Today’s Bitcoin Price

Let’s consider a hypothetical scenario for an Indian investor. Suppose an investor purchased Bitcoin on July 23rd, 2026, when the Nifty was at 23,869.60. For the sake of this illustration, let’s assume they bought 0.1 BTC at an approximate INR price of ₹6,000,000 INR (assuming a BTC price of $60,000 USD at that time and a USD/INR rate of around ₹100). Today, on July 29th, 2026, that same 0.1 BTC is valued at ₹6,149,802 INR, assuming the USD/INR rate has stabilized at ₹95.86. This represents a gain of ₹149,802 INR on this specific holding. Under India’s current tax regime, gains from the sale of virtual digital assets (VDAs) like Bitcoin are taxable at a flat rate of 30%, plus applicable surcharge and cess, on the profits realized. If this investor were to sell their 0.1 BTC today, the taxable gain would be ₹149,802 INR, leading to a tax liability of approximately ₹44,940.60 INR (30% of 149,802). This calculation underscores the importance of tracking acquisition costs and sale proceeds meticulously for accurate tax reporting.

Navigating Crypto Price Action and Institutional Flows

The current market environment presents a nuanced picture for Indian crypto investors. Bitcoin at $64,154 USD | ₹6,149,802 INR and Ethereum at $1,902 USD | ₹182,325 INR are showing positive momentum, yet the Fear & Greed index at 29 indicates prevailing caution. The significant FII inflows into Indian equities (+₹2,981.87 Cr) suggest institutional confidence in the domestic stock market, which may or may not translate into crypto allocations. The ETH/BTC ratio of 0.0296 shows Bitcoin‘s relative steadiness. For Indian investors, the USD/INR rate of ₹95.86 remains a critical factor in determining the final INR value of their crypto assets.

Key Levels to Watch in Indian Equities

With FIIs turning net buyers to the tune of ₹2,981.87 Cr and DIIs also supporting with ₹998.02 Cr, the Nifty closing at 24,250.20 suggests positive momentum. Key support for the Nifty, based on recent trading activity and the strong buying witnessed today, could be considered around the 24,000 mark. Conversely, a sustained push from these institutional flows could target higher levels, with 24,500 and potentially 24,750 acting as psychological resistance levels in the short term. The direction of FII flows will be a primary determinant of Nifty’s trajectory in the coming sessions.

Frequently Asked Questions

What did FII buy or sell on July 24, 2026?

On July 24, 2026, FIIs were net sellers of Indian equities, with a net outflow of ₹-3,892.77 Cr.

What did DII buy on July 29, 2026?

On July 29, 2026, DIIs were net buyers of Indian equities, with a net inflow of ₹998.02 Cr.

Is FII buying or selling in July 2026?

FII activity in July 2026 has shown a mixed trend. After net selling in the early part of the month, there have been periods of net buying, culminating in substantial net buying of ₹2,981.87 Cr on July 29th, indicating a potential shift towards increased investment in Indian equities.

Historical FII/DII Flows and Nifty Performance

Bottom Line

Today’s crypto market sees Bitcoin trading at $64,154 USD | ₹6,149,802 INR amidst anticipation of Fed policy. While crypto shows modest gains, the ‘Fear’ reading on the index suggests caution, potentially aligning with historical accumulation zones. The significant FII inflows into Indian equities (+₹2,981.87 Cr) indicate strong institutional confidence in the Indian market, which is a key factor to monitor for broader capital allocation trends. For Indian crypto holders, the USD/INR rate of ₹95.86 continues to be a critical component in their portfolio’s INR valuation.