Bitcoin and other cryptocurrencies tumbled as geopolitical risks escalated following the Federal Reserve meeting, with BTC falling below $65,000 amid reports of potential Iranian retaliation against Israel.
The Bank of Japan increased interest rates to 0.25%, marking its second hike since 2007, while markets await the Federal Reserve’s decision expected to maintain current rates.
XRP’s monthly volatility has reached an all-time low, mirroring conditions before its 60,000% rally in 2017-2018. Technical indicators suggest a significant price movement may be imminent.
Elon Musk’s recent comments about his affinity for Dogecoin have rekindled speculation about the meme cryptocurrency’s potential to reach $1, despite his cautious approach to crypto promotion.
Litecoin’s price has risen 6.49% in 24 hours to $75.4, with a 5% weekly gain. Despite a drop in trading volume, LTC maintains a $5.65 billion market cap, ranking 21st among cryptocurrencies.
August 2024 will see nearly $1.5 billion in token unlocks across major crypto projects, with XRP’s $609 million release leading the way on August 1.
Chinese firm Qifa is using Tether stablecoin for cross-border payments between China and Russia amid sanctions, raising questions about legality and potential consequences in both countries.
A joint report from Coinbase and Glassnode indicates a surge in Ethereum network activity and overall crypto market health despite price consolidation in Q2 2024.
At the Bitcoin 2024 conference, Donald Trump promised to make the US the “crypto capital of the world” if elected president, joining other candidates in courting the cryptocurrency vote.
In June, 30 celebrity memecoins launched on Solana, but most have since lost significant value, with insiders profiting the most from these speculative tokens.
