The latest price moves in crypto markets in context for Aug. 1, 2024.
Bitcoin Indicator That Forewarned Late 2023 Volatility Explosion Is Lighting Up Again
Bitcoin's Bollinger bandwidth has narrowed to levels that have historically preceded volatility explosions.
Ripple to Allocate $10M to Tokenized U.S. Treasury Bills on XRP Ledger
This is part of a larger fund that Ripple will allocate to tokenized T-bills provided by OpenEden and other issuers.
Bitcoin Miner Riot Platforms' Second-Quarter Loss Widens to $84.4M as Costs Surge
The company's loss per share doubled to $0.32.
Donald Trump Site Lists Limited-Edition 'Bitcoin Sneakers' for as Much as $500 a Pair
The most expensive bright orange, high-top sneakers are already sold out and being relisted on eBay for as high as $2,500.
OKX Ventures, Aptos Foundation Initiate $10M Fund for the Move-Based Layer-1 Ecosystem
The fund will be used to develop an accelerator program for projects built on Aptos.
Large Bitcoin Holders Added $5.4B in BTC in July, Data Show
Large holders resorted to bargain hunting in July as the cryptocurrency experienced two-way price volatility.
Bitcoin Tumbles Below $65K Post-FOMC as Middle East Tensions Flare
The price action happened as Iran's leadership reportedly ordered retaliatory attacks against Israel, increasing concerns about a broader conflict in the Middle East.
Traders boost bets Fed goes big on Sept rate cut
But as Powell during his post-meeting news conference repeatedly said the central bank has room to respond if the labor market unexpectedly weakens, markets began a turn. Rate futures prices now reflect about a 17% chance of a 50-basis point rate cut in September, versus about 5% before Powell began speaking. Prices also reflect increased confidence the Fed will cut a total of 75 basis points over its final three meetings of the year, most likely in 25-basis-point increments, bringing the policy rate down to a 4.5%-4.75% range.