Cryptocurrencies rose to begin the final week of July following Trump's big bitcoin speech and ahead of the Fed meeting.
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.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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