Cryptocurrencies experienced a decline at the start of the final week of July. Bitcoin fell over 1% to $67,264.00 after briefly hitting $69,982.00, while Ether rose more than 1% to $3,311.28.

Last week, Bitcoin gained 1%, but Ether dropped 7%. Traders are focused on upcoming central bank meetings, particularly the Federal Reserve, where comments from Chair Jerome Powell are anticipated.

Over the weekend, former President Donald Trump criticized Democratic lawmakers and regulatory officials at the Bitcoin Conference in Nashville and proposed keeping the U.S. government’s bitcoin holdings as a National Strategic Bitcoin Reserve, CNBC has reported.

Additionally, Senator Cynthia Lummis announced plans to introduce a bill for a significant bitcoin purchase program.

Written by B.C. Begley