Bitcoin price tops $64,000 as traders await FOMC minutes
Bitcoin price tops $64,000 as traders await FOMC minutes, with Bitcoin crossing $64,000 in Asian morning hours Monday, up about 0.5% on the day and down about 3% for the week. Ether rose just over 1% to slightly under $1,900 and was down about 1% on the week. Other tokens moved modestly: Dogecoin up about 1% to roughly $0.07; Tron just over $0.33; XRP around $1 and down about 3% for the week; Solana just above $75 and down about 2%; BNB near $604 and flat on the week.
The Bloomberg dollar gauge slipped 0.1% during the session. The MSCI emerging‑market currency index hit an intraday record, reaching a session high noted in market data. U.S. retail sales posted the sharpest monthly drop in more than a year, based on the published monthly figures for retail spending. Treasuries rose across the curve, with yields reported higher at short-, medium- and long-term maturities. Traders priced in about a 25% chance of a Federal Reserve rate hike next month, down from about 50% a week earlier, based on market-derived probabilities.
The paragraph above summarizes the recent currency, Treasury, retail sales and rate-expectation movements described in the market report. The coverage is limited to the reported market data and does not include additional analysis. No additional commentary is provided at this time.
Nick Ruck of LVRG Research said: “Key catalysts to watch this week include the release of the FOMC minutes and any developments from the anticipated White House crypto meeting, both of which could provide clearer signals on the regulatory and monetary policy landscape.”
The comment identified the FOMC minutes and the anticipated White House crypto meeting as the primary catalysts to monitor for the week. The statement noted those events could provide clearer signals on the regulatory and monetary policy landscape.
The Federal Reserve’s July 28-29 meeting minutes are due Wednesday at 2 p.m. ET. The release is expected to provide clearer signals on the regulatory and monetary policy landscape, a point highlighted in market commentary this week that identified the FOMC minutes as one of the key catalysts to monitor and that market participants are watching for guidance on policy interpretation and immediate implications for positioning.
