Crypto News Today (July 29): BTC Reclaims $64K Ahead of FOMC, 1inch Launches New DeFi Liquidity Layer, and Ionic Digital Shares Jump 25% on Nasdaq Debut
In crypto news today (July 29), Bitcoin climbed +1% overnight, reclaiming $64,000 ahead of today’s FOMC meeting, in which a rate hike is rumored to be on the table. Liquidations have slowed from yesterday, sitting at just over $420M, down from $605M the day before, although the majority of those liquidations are still from long positions, $325M to be precise.
ETF flows have also continued their red streak; following an eight-day inflow streak, yesterday saw $49M in Bitcoin sold across various products, marking a fourth consecutive day of outflows totaling more than $500M, per CoinGlass data.
With the total crypto market cap up around 1% overnight, it has reclaimed $2.28 trillion. Daily trading volume across crypto sits at $61.9Bn, down from $66Bn yesterday.
The Fear & Greed Index is frozen at 29/100, unchanged from yesterday, within ‘Fear’ territory. This lack of movement reflects a market waiting for the results of today’s FOMC meeting before moving in either direction.
Crypto News Today: 1inch Launches Aqua Liquidity Layer Targeting Idle Funds
1inch has officially launched Aqua, a new liquidity layer for decentralized finance (DeFi). This system enables liquidity providers to use a single wallet balance to manage multiple trading positions simultaneously, without locking assets in liquidity pools.
… Continue reading the full article at the original source below.
