What’s Happening: Bitcoin’s Slide Alongside the Equity Selloff
Bitcoin fell in early trading on 28 July 2026 as a broader selloff in Asian equities combined with growing caution ahead of the Federal Reserve’s rate decision.
Bitcoin declined as much as 2.3% to around $63,414, its lowest level in eleven days, according to Bloomberg (28 July 2026). CoinDesk separately reported bitcoin falling about 2.7% to roughly $63,200 over the same session, alongside a broader slide across major cryptocurrencies. Ether fell around 3.6% to 4.4% depending on the reading, per Bloomberg and CoinDesk.
The move came alongside a sharp selloff in South Korea’s Kospi index and other Asian markets, as investors reassessed the sustainability of artificial intelligence (AI) infrastructure spending, according to CoinDesk (28 July 2026).