Cryptos end the week flat as Bitcoin holds support at $29,400

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The cryptocurrency market ended the week with some volatility, as altcoins traded mixed while Bitcoin held support near $29,400. Bitcoin remained range-bound between $29,200 and $29,700, with both bullish and bearish forces at equal strength, resulting in a stagnant price action.

Stocks closed the final trading week of July on a positive note, as the Federal Reserve's preferred inflation gauge, the Personal Consumption Expenditures (PCE), showed moderate inflation of 4.1% compared to the same period last year, the lowest level since September 2021. The S&P, Dow, and Nasdaq all closed with gains of 0.99%, 0.50%, and 1.90%, respectively.

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