Last week, Bitcoin and most altcoins showed little movement despite rising ETF inflows and record highs in equity markets.
Tariff Deadline
The key factor for the stock and crypto markets will be the end of President Donald Trump’s 90-day tariff pause, set for July 9. The US has reached preliminary trade agreements with several countries, including Vietnam, China, and the UK. A restart of tariffs with other major trading partners could negatively impact Bitcoin and altcoins.
FOMC Minutes
Bitcoin and altcoins are also expected to react to the release of Federal Open Market Committee minutes scheduled for Wednesday. These minutes may provide insight into potential cuts in interest rates, which could have a bullish impact on cryptocurrency prices.
Potential Bitcoin Breakout
Another key catalyst for Bitcoin is its potential breakout. The charts indicate that Bitcoin has remained below its all-time high of $111,900 in recent weeks. Bullish flag and cup-and-handle patterns often indicate substantial gains ahead.
In summary, the significant factors to watch this week include tariff deadlines, FOMC minutes, and the likelihood of Bitcoin's price breakout.
