The recent surge in Bitcoin and altcoins has captured the attention of investors. Bitcoin has surpassed a critical threshold, with a number of altcoins showing positive momentum.
Key Developments in Cryptocurrency
As of July 21, Bitcoin (BTC) remains above the critical support level of $115,500, while Ethereum (ETH) approaches the $4,000 mark. Additionally, Trump Media has announced that Bitcoin reserves have reached $2 billion following recent acquisitions. MSTR made a new purchase worth approximately $750 million last week. ETF entries continue to strengthen.
Expectations for the Upcoming Week
The upcoming week holds a number of key events, including speeches by officials and financial reports from major companies. The following announcements are expected:
* July 22, Tuesday: - 15:30 Powell to Speak - 18:00 OpenAI CEO to Speak - 20:00 Fed/Bowman
* July 23, Wednesday: - 17:00 Trump’s AI Announcements - 23:05 Tesla and IBM Earnings Reports - 23:30 Google Earnings Report
* July 24, Thursday: - 14:00 TCMB Rate Decision (Expectation: 43.5%, Previous: 46%) - 15:15 ECB Rate Decision (Expectation: Stable)
Impact of Artificial Intelligence on the Cryptocurrency Market
This week holds critical announcements and developments in the field of artificial intelligence positively impacting cryptocurrencies. We may see more positive differentiation among AI-focused altcoins. Next week, a decision on interest rates and clarification of the Fed’s policy stance is expected. Tariff negotiations are in progress.
With current trends and the events on the horizon, the cryptocurrency market could witness further growth. A clear understanding of the situation will help investors navigate upcoming changes.
