Bgroup Crypto-Currency Market Report — July 2023

Market Overview and Bgroup Funds’ Performances

Bgroup Funds’ Allocation

Crypto Market in July 2023:

Federal Reserve Raises Fed Funds Rate by 25 Basis Points, Signals Possible Pause

The U.S. Federal Reserve’s Federal Open Market Committee (FOMC) continued its year-plus string of rate hikes on Wednesday, lifting the fed funds rate by 25 basis points to a targeted range of 5.25%-5.50%.

The price of bitcoin (BTC) held steady in the immediate aftermath of the news, trading at about $28,600.

Ripple, Crypto Industry Score Partial Win in SEC Court Fight Over XRP

After the news broke, the price of XRP rose by nearly 80% in one day.

Ripple’s victory in court against the SEC could promise a brighter, safer and less regulatory risk future for the digital currency market.

BMachine

The information below is only a simplified report of the analysis of BMachine, an artificial intelligence developed by Bgroup, and should not be used to make investment decisions.