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Bitcoin prices edged higher on Monday, rebounding from two-week lows, buoyed by positive sentiment surrounding the recent U.S.-EU trade agreement<\/strong>. Despite this recovery, Bitcoin remained range-bound as traders awaited key developments this week, including the U.S. Federal Reserve’s meeting<\/strong> and the U.S. crypto policy report<\/strong> due on July 30<\/strong>.<\/p>\n\n\n\n Bitcoin traded at $119,552.6<\/strong>, marking a 1.1%<\/strong> increase as of 02:18 ET (06:18 GMT)<\/strong>. The cryptocurrency had been under pressure over the weekend, but sentiment improved with the easing of trade uncertainties<\/strong>.<\/p>\n\n\n\n The U.S.\u2013EU framework agreement<\/strong>, announced Sunday, helped alleviate some political risk and trade uncertainty, boosting investor confidence. Under the deal, tariffs on European imports<\/strong> were set to be reduced to 15%<\/strong>, down from the previously threatened 30%<\/strong>, while the EU<\/strong> committed to purchasing $750 billion<\/strong> worth of U.S. energy<\/strong> and investing heavily in arms and infrastructure<\/strong>.<\/p>\n\n\n\n This trade deal<\/strong> reduced the political risk<\/strong> tied to ongoing trade tensions, encouraging investors to move away from safe-haven assets like gold and into riskier assets, including equities<\/strong> and Bitcoin<\/strong>.<\/p>\n\n\n\n With the U.S. Federal Reserve’s two-day meeting<\/strong> scheduled to end on Wednesday<\/strong>, market participants are looking for any hints on future interest rate moves. The central bank is expected to hold its key interest rate at 4.25%\u20134.50%<\/strong>, but traders are especially focused on comments regarding potential rate cuts later in the year<\/strong>. A dovish tone<\/strong> from the Fed could provide further support for Bitcoin by lowering returns on low-yield, safe assets<\/strong>.<\/p>\n\n\n\n In addition, the U.S. crypto policy report<\/strong>, due for release on July 30<\/strong>, will be closely watched. This report is expected to outline plans for a strategic Bitcoin reserve<\/strong> and offer greater regulatory clarity<\/strong> for the crypto space, including stablecoins. Clearer regulatory guidelines are expected to boost institutional confidence<\/strong> in the crypto market, potentially spurring more investment.<\/p>\n\n\n\n While Bitcoin<\/strong> remained in a narrow trading band, altcoins<\/strong> experienced sharper gains on Monday. Ether<\/strong>, the world\u2019s second-largest cryptocurrency, surged 4.1%<\/strong>, reaching $3,924.15<\/strong>, its highest level since mid-December 2024<\/strong>. XRP<\/strong> climbed 3.2%<\/strong> to $3.30<\/strong>, while Solana<\/strong> gained 3.5%<\/strong>, Cardano<\/strong> added 2.4%<\/strong>, and Polygon<\/strong> rose 2.2%<\/strong>.<\/p>\n\n\n\n Among the meme tokens<\/strong>, Dogecoin<\/strong> jumped 4%<\/strong>, and $TRUMP<\/strong> rose 2.2%<\/strong>.<\/p>\n\n\n\n Despite the recent uptick, Bitcoin’s price movements remain cautious. The cryptocurrency is likely to stay within a narrow trading range<\/strong> as market participants await further policy catalysts. While optimism surrounding the U.S.-EU trade deal<\/strong> has encouraged some risk-taking, broader macroeconomic risks<\/strong>, including Fed guidance<\/strong>, continue to restrain aggressive price movements in the crypto market.<\/p>\n","protected":false},"excerpt":{"rendered":" Bitcoin prices edged higher on Monday, rebounding from two-week lows, buoyed by positive sentiment surrounding the recent U.S.-EU trade agreement. Despite this recovery, Bitcoin remained range-bound as traders awaited key developments this week, including the U.S. Federal Reserve’s meeting and the U.S. crypto policy report due on July 30. Bitcoin\u2019s Price Movement Bitcoin traded at …<\/p>\n","protected":false},"author":9,"featured_media":99111,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,6827,49,36],"tags":[],"class_list":["post-117075","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-daily-economic-reports","category-economic-reports","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/117075","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=117075"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/117075\/revisions"}],"predecessor-version":[{"id":117076,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/117075\/revisions\/117076"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/99111"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=117075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=117075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=117075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Bitcoin\u2019s Price Movement<\/strong><\/h3>\n\n\n\n
U.S.-EU Trade Deal Bolsters Risk Sentiment<\/strong><\/h3>\n\n\n\n
Federal Reserve Decision and Crypto Policy Report<\/strong><\/h3>\n\n\n\n
Altcoins Perform Strongly<\/strong><\/h3>\n\n\n\n
Outlook<\/strong><\/h3>\n\n\n\n