This week marks significant events that are likely to influence the cryptocurrency market, including tariffs and employment data.
Major Events This Week
As of this writing, Bitcoin is priced at $108,400, while altcoins show a 1-2% increase. Notable events this week include:
* July 9, Wednesday: US Reciprocal Tariffs Deadline (07:00) * July 9, Wednesday: Fed Minutes (21:00) * July 10, Thursday: Von der Leyen Confidence Vote (07:00) * July 10, Thursday: US Initial Jobless Claims (Expectation: 235K, Previous: 233K) (15:30) * July 10, Thursday: Fed Meetings (16:00-21:30)
Investor Expectations
Tariffs remain the key development for the month as an increase is anticipated starting August 1. Last-minute agreements are expected to be announced on Wednesday, with India considered a strong candidate. Investors should brace for potential instability due to rising tariffs.
Market and Risk Assessment
The Fed minutes may impact market sentiment ahead of inflation data being released. It is crucial to monitor earnings reports from major firms like BlackRock and JPM, which could also lead to significant market volatility. Given the risks associated with stagnation and potential investor responses, the market remains uncertain.
This week is filled with significant events, and investors should stay alert to changes in the cryptocurrency market as uncertainty and risks may impact price trends.
