This week, crypto investors are focused on the United States, where key economic events are expected to influence Bitcoin and Ethereum price movements.
Regulation of Cryptocurrency: Three Key Bills
This week marks the start of "Crypto Week" in the U.S. House of Representatives, where three significant crypto-related bills will be debated: * The GENIUS Act (stablecoin regulations), * The CLARITY Act (token classification), * The Anti-CBDC bill (central bank digital currency restrictions). Pro-crypto voices advocate for clarity, while some Democrats criticize these efforts as part of "Anti-Crypto Corruption Week."
Trump's Tariffs: Possible Consequences
On July 12, President Donald Trump announced a 30% tariff on all imports from the European Union and Mexico, citing drug trafficking and trade imbalances. Leaders from both regions, including European Commission President Ursula von der Leyen and Mexican President Claudia Sheinbaum, strongly opposed the move.
Inflation and Consumer Sentiment: What to Expect Next
The Consumer Price Index (CPI) will be released on July 15, with expectations for it to rise from 321.465 to 322 points. Higher-than-expected inflation data could pressure crypto markets. Additionally, the Producer Price Index (PPI) on July 16 will shed light on upstream price pressures. Retail sales data will be released on July 17, with insights into consumer behavior.
Given these events, volatility in the financial and cryptocurrency markets is expected in the coming days. Investors should closely monitor developments.
