Crypto News Today (July 28): BTC Heading Toward $60K? NFL Calls for Stricter Regulation of Prediction Markets, and Securitize Wins SEC Adviser Status
In crypto news today (July 28), Bitcoin has dropped nearly -3% overnight, losing $65,000 and looking likely to retest $60,000 ahead of today’s FOMC meeting. Liquidations have picked up as a result, with over $600M in positions blown up since yesterday, and unsurprisingly, more than $530M of that figure has come from long trades.
Yesterday saw a second consecutive day of positive ETF flows for Bitcoin, a metric that is helping the market in its recent rally. Over $265M BTC was bought via ETFs yesterday, with over $200M of that figure coming from BlackRock’s IBIT after selling nearly $10Bn over the past ten sessions.
While nearly every major cap token is in the red over the past 24 hours, Pump.fun (PUMP) and Canton (CC) are two of the more notable projects in the green, up around +1%. Daily trading volume has dropped over the past 24 hours, going from $75Bn yesterday to $66Bn today.
The Fear & Greed Index is beginning to reflect the drop in price across the markets, sitting at 29/100, down from 30/100 yesterday, although it is still sitting in ‘Fear’ territory, just outside of ‘Extreme Fear’
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