The crypto market remained largely range-bound on August 16 as traders awaited several potentially market-moving events, including the release of the Federal Open Market Committee (FOMC) meeting minutes on August 19.

Bitcoin (BTC) continued to trade near $63,000, while Ethereum (ETH) remained around $1,878. XRP also hovered around the key $1 support level as low trading volumes kept major cryptocurrencies from making a decisive move.

Meanwhile, geopolitical developments and expectations surrounding the upcoming White House meeting between US officials and crypto executives added another layer of uncertainty for traders.

What is driving the crypto market today?

Geopolitical tensions remain one of the factors influencing crypto…