July is poised to be a critical month for the cryptocurrency market, with expected tariff decisions that could impact the development of altcoins.
Significance of Tariff Negotiations
The tariff discussions, concluding on July 9th, are of high importance for the economic context. The Federal Reserve is set to meet on July 15th and will consider U.S. employment data; potential weaknesses may lead to a reassessment of interest rates.
Potential Effects on Major Cryptocurrencies
A resolution on tariffs could allow the Federal Reserve to initiate rate cuts, positively influencing the cryptocurrency market. Key altcoins, including SOL, XRP, LINK, and AVAX, are on the brink of significant shifts.
Outlook and Influencing Factors
The conclusion of tariff agreements with countries such as India, Japan, and South Korea could simplify discussions around rate cuts and impact cryptocurrency valuations throughout July.
Thus, July will be a crucial month for the crypto market, and the outcomes of tariff negotiations could have lasting implications for altcoins.
