Bitcoin briefly fell below $65,000 after the US Federal Reserve said it would keep interest rates unchanged. However, with the markets anticipating rate cuts in the upcoming Federal Reserve meeting in September, the outlook for a Bitcoin rally by the end of the year has strengthened.
While the broader crypto market fell, XRP is among the top cryptos as it gained on the hopes of a settlement of the long-awaited Ripple vs. SEC case. XRP accounted for more than 40% of North Korean exchanges during the recent pump.
In other news, Tether, the world’s largest stablecoin issuer, has generated its highest half-year profits to date, reportedly making $5 billion in profit, with its US debt holding standing close to $98 billion, surpassing Germany in holdings.
