Bitcoin Reclaims $64K as FOMC Meeting Looms and DeFi Gets Liquidity Boost
Crypto markets are on high alert as the Federal Open Market Committee (FOMC) meeting approaches, and Bitcoin has reclaimed $64,000 ahead of the event. The total crypto market cap is up around 1% overnight, reaching $2.28 trillion.
The FOMC meeting is expected to discuss a potential rate hike, which could impact cryptocurrency markets. However, for now, liquidations have slowed down, with just over $420M in liquidations occurring yesterday, down from $605M the day before.
1inch has 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. Shares of Ionic Digital rose more than 25% on their first day of trading on Nasdaq.