--- title: "Bitcoin, Ethereum, XRP, Dogecoin Gain Ahead of Fed Rate Cut Decision: Analyst Asks Investors to 'Mark Your Calendar' for Next BTC Bottom" type: "News" locale: "en" url: "https://longbridge.com/en/news/294146790.md" description: "Major cryptocurrencies like Bitcoin and Ethereum rose slightly on July 28 amid Middle East tensions and anticipation of the Fed's rate decision. While crypto prices gained, related stocks fell, and over $330 million in positions were liquidated. Analyst Ali Martinez predicts Bitcoin's next major bottom may occur in early October based on four-year cycle theories. Meanwhile, CryptoQuant notes a significant drop in Bitcoin spot volumes, suggesting a return to bullish trends depends on macro shifts and renewed demand." datetime: "2026-07-29T02:04:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294146790.md) - [en](https://longbridge.com/en/news/294146790.md) - [zh-HK](https://longbridge.com/zh-HK/news/294146790.md) --- # Bitcoin, Ethereum, XRP, Dogecoin Gain Ahead of Fed Rate Cut Decision: Analyst Asks Investors to 'Mark Your Calendar' for Next BTC Bottom Leading cryptocurrencies rose slightly on Tuesday as investors weighed renewed tensions in the Middle East and the Federal Reserve’s upcoming decision on interest rates. **Cryptocurrency** **24-Hour Gains +/-** **Price (Recorded at 9:25 p.m. EDT)** **Bitcoin** (CRYPTO: BTC) +1.01% $63,842.10 **Ethereum** (CRYPTO: ETH)                 +2.16% $1,913.42 **XRP** (CRYPTO: XRP)                          +1.87% $1.07 **Solana** (CRYPTO: SOL)                          +0.79% $73.67 **Dogecoin** (CRYPTO: DOGE)              +1.72% $0.07071 ## **Crypto Market Gains** **Bitcoin** rallied as high as $64,100 but ran into resistance, with 24-hour trading volume dropping steeply. Ethereum moved in a similar direction, but then met strong selling pressure after reaching $1.20. Cryptocurrency-related stocks, meanwhile, fell, with **Strategy Inc.** (NASDAQ:MSTR) and **Bitmine Immersion Technologies Inc.** (NYSE:BMNR) closing down 2.52% and 1.95%, respectively.  Over $330 million was liquidated from the cryptocurrency market in the last 24 hours, with $241 million in bullish long positions erased, according to data from Coinglass. Bitcoin’s open interest rose slightly by 0.02% over the last 24 hours. Notably, retail and whale derivatives traders on Binance trimmed their BTC long exposure after the spike. "Fear" sentiment prevailed in the market, according to the Crypto Fear & Greed Index. **Top Gainers (24 Hours)**  **Cryptocurrency (Market Cap\>$100 M)** **Gains +/-** **Price (Recorded at 9:25 p.m. EDT)** **Bitway** (BTW)       +44.60%     $0.09208 **Audiera** (BEAT)                    +26.00%     $3.43 **SOON** (SOON)               +18.50%     $0.2787 The global cryptocurrency market capitalization stood at $2.22 trillion, following an increase of 1.04% from the previous day. **Read Also: Saylor's Bitcoin Break Isn't a Pivot, Expert Says: Here's the Real Reason Strategy Pressed Pause** ## **Dow Rallies Ahead of Fed Decision** Stocks were a mixed bag on Tuesday. The **Dow Jones Industrial Average** lifted 537.24 points, or 1.03%, to 52,747.32. The **S&P 500** gained 0.21% to end at 7,428.78. The tech-focused **Nasdaq Composite** was the outlier, sliding 0.22% to settle at 24,876.91. Tensions in the Middle East flared again after U.S. and Saudi forces launched a joint strike against "Iran-aligned terrorists" accused of trying to mount a “surprise attack” on U.S. forces earlier that day. > https://t.co/4gooax78lx > > — U.S. Central Command (@CENTCOM) July 29, 2026 Investors will also look forward to the Federal Reserve’s decision on Wednesday, with odds around 70% that interest rates will remain unchanged, according to the CME FedWatch tool. ## Wait for Bitcoin’s Bullish Trend to Go Longer? **Ali Martinez**, a widely followed cryptocurrency analyst and trader, projected Bitcoin’s “next major market bottom” may arrive in the first half of October, assuming the four-year cycle theory remains valid. > Mark your calendar! > > If the 4-year cycle theory holds, Bitcoin $BTC could put in its next major market bottom between October 6 and October 16. https://t.co/SxJ0w63Dgc pic.twitter.com/DADthMjISg > > — Ali Charts (@alicharts) July 28, 2026 On-chain analytics firm CryptoQuant noted a sharp decline in Bitcoin spot volumes on major exchanges compared to late 2024, with the U.S.-Iran war and equity markets absorbing much of the available liquidity. “Against this backdrop, a return of Bitcoin to a bullish trend seems conditional on a shift in the macro regime, and above all a return of demand, the only real driver capable of pushing volumes back up,” the research firm said. > Bitcoin Volumes Collapse 75% From Late 2024 Peak, Lowest Since 2023 Bear Market > > "Against this backdrop, a return of Bitcoin to a bullish trend seems conditional on a shift in the macro regime, and above all, a return of demand." – By @Darkfost\_Coc pic.twitter.com/uCTOGRUz61 > > — CryptoQuant.com (@cryptoquant\_com) July 28, 2026 **Read Also: 'If $1,700s Come Again, Double Down': ETH Is the Better Bet Over BTC, Analyst States** _Photo: KateStock / Shutterstock_ ### Related Stocks - 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