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Crypto News Today (July 29): BTC Loses $64K Following FOMC, Tether Expands into Africa, and the US Targets Iran’s Crypto

Crypto News Today (July 29): BTC Loses $64K Following FOMC, Tether Expands into Africa, and the US Targets Iran’s Crypto

In crypto news today (July 30), Bitcoin climbed -0.5% overnight, dropping below $64,000 following yesterday’s FOMC meeting, in which a rate hike wasn’t announced but SEC Chair Paul Atkins hinted at hikes to come, causing a slight sell-off across crypto.

However, crypto held up well in comparison to the US stock market, which saw $1Bn wiped out overnight. One glimmer of hope from yesterday came in the form of ETF flows.

Bitcoin funds snapped a four-day outflow streak, finishing the day with $32.1M in inflows, with BlackRock buying $89.8M, countering Fidelity selling $43.1M in BTC.   With the total crypto market cap down around -0.5% overnight, it has dropped to $2.27 trillion.

Daily trading volume across crypto sits at $63.4Bn, up from yesterday’s figure of around $61Bn. The Fear & Greed Index is sitting at 28/100, down one point from yesterday, and within ‘Fear’ territory.

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Yes, most public blockchains (like Bitcoin and Ethereum) are transparent. Transactions can be traced back to public keys and wallet addresses, meaning that while they are pseudonymous (names are not directly tied to addresses), they are not completely anonymous.

TRADEMINATI X is an automated real-time cryptocurrency news aggregator. It fetches and analyzes RSS feeds, organizing publications by coin hashtags to make tracking specific assets efficient.
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