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.