As traders processed a plethora of political news over the weekend and anticipated this week’s central bank meetings, cryptocurrency prices surged at the start of the last week of July.
The price of bitcoin increased by 2% at $69,640.00. Ether increased to $3,382.15, up 3%.
Following Bitcoin’s flat finish last week and Ether’s roughly 8% decline, investors are returning to the market.
The Federal Reserve, Bank of Japan, and Bank of England—all of which are holding meetings this week—are among institutions that traders are keeping an eye on.
With the hopes that Fed Chair Jerome Powell’s remarks will validate a September interest rate reduction, all eyes are on him. Amidst the biden administration, former President Donald Trump targeted Democratic lawmakers like Sen.
Elizabeth Warren (D-Mass.), Securities and Exchange Commission Chair Gary Gensler, and others in his much-anticipated speech at the Bitcoin Conference in Nashville over the weekend.
Trump attacked the authorities, claiming that by not establishing rules and regulations, they have damaged the business.
Source (CNBC)
