Cryptocurrencies Rise as Traders Look Ahead to Central Bank Meetings This Week

Cryptocurrencies rose to begin the final week of July as traders digested a slew of political developments that took place over the weekend and looked ahead to central bank meetings this week.

Cryptocurrency prices rose sharply on Monday as traders reacted to the latest political developments over the weekend and awaited central bank meetings later this week.

Bitcoin opened the week at $33,333, up 2.3% from Friday’s close and within a recent range. The world’s largest cryptocurrency hit a high of $33,888 earlier in the session.

Bitcoin dropped 0.03% last week, marking the second consecutive week of losses. BTC/USD fell 3.6% in the month of July through Sunday’s close.

Meanwhile, ether rose 0.4% to $2,283, after falling 7.7% last week.

Other cryptocurrency prices included a 5.3% gain for dogecoin, which last changed hands at $0.096, while shiba inu was up 4.5% at $0.000017.

Among the meme coins, floki inu rose 3.3% and dogelon mars fell 0.5%.

Inśród meme-coins steg floki inu med 3,3% och dogelon mars sjönk med 0,5%.

Investors also kept an eye on the Federal Reserve, Bank of Japan and the Bank of England, which are all meeting this week.

Among the notable developments, Republican presidential candidate Vivek Ramaswamy unveiled a plan to ban the Federal Reserve from issuing a central bank digital currency.

He also said it would be his policy to keep 100% of the bitcoin the U.S. government currently holds , serving as the beginning of a National Strategic Bitcoin Reserve.

In remarks that garnered the biggest roar from the audience, Trump vowed that he would replace Gensler "on day one."

"Both Trump's comments and Lummis' bill will be really hard to get through Congress," she said.

"More overlooked but with a higher potential impact is the news that team is reaching out to crypto industry representatives.

Bitcoin price rose on Monday morning as traders digested a slew of political developments that took place over the weekend and looked ahead to central bank meetings this week.

After bitcoin ended last week flat and ether dropped roughly 8%, investors are coming back into the market.

Investors are coming back into the market after bitcoin ended last week flat and ether dropped roughly 8%. Additionally, traders are watching the Federal Reserve, Bank of Japan and the Bank of England – all of which are meeting this week.

He also said it would be his policy to keep 100% of the bitcoin the U.S. government currently holds , serving as the beginning of a National Strategic Bitcoin Reserve.

In remarks that garnered the biggest roar from the audience, Trump vowed that he would replace Gensler "on day one."

"Both Trump's comments and Lummis' bill will be really hard to get through Congress," she said.

"More overlooked but with a higher potential impact is the news that team is reaching out to crypto industry representatives.

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