Since the last historic Bitcoin summit, the cryptocurrency market has been very attentive to Donald Trump's political decisions. A situation at the origin of several deadlines in July which may not be enough to counter summer gloom. We take stock.
A month of July less gloomy than usual?
The cryptocurrency market begins the month of July with performance at half mast. A situation ultimately quite classic, if we consider that The summer period is rarely synonymous with a strong investor activity. This is in any case the observation made in the introduction of the latest analysis published by the research manager for the K33 Research structure, Vetle Lunde.
The markets have entered a period of lull, with negotiation volumes at 9 months' hollows and volatility reaching hollows of 21 months, signaling a potential summer slowdown, despite an active July to come.
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A statement in which the ” Active July to come Makes all the difference. Indeed, Several important deadlines must take place in the coming weekswith the possible hope of Relaunch a crypto market lacking volatility.
This is for example the case of Long -awaited speech by Jerome Powell about Fed interest ratesbut also employment and inflation statistics in the United States. This without forgetting several major regulatory deadlines, with A decree on the federal framework of cryptocurrencies and an assessment of purchases of cryptocurrencies as part of a strategic reserveof which ” Decisions and announcements are still late and should take place at any time “, According to Vetle Lunde.
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“Nothing new under the sun”
A very busy agenda which however collides with Some disappointments difficult to ignore. Indeed, Vetle Lunde does not fail to underline the imminent arrival of The end of the 90 -day period set up by Donald Trumpas part of its customs policy, with European surcharge already announced for July 9.
At the same time, the President of the United States is preparing to sign a very controversial budget bill on July 4which could increase the already abyssal American deficit. What to erase all of Similar savings made by his ex-friend friend Elon Musk As part of the DOGE government efficiency program
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An accumulation of successive events which push the Vetle Lunde analyst to cautioneven with Bitcoin at less than 5 % of its last historic summit, in particular against a market for derivative products and exceptionally low trading volumes.
To expect a new summer rehearsal could appear as a hazardous hypothesis, especially given the American political advances. Nevertheless, my basic scenario for the month of July is that nothing is new under the sun and that the best way to follow is to stay patient.
Not all hopes are lost. Indeed, Vetle Lunde sees in this low appetite for the risk the possible implementation of solid foundations for an upcoming bullish cycle. A case that could Take advantage of seasonal apathy To avoid the triggering of sudden and devastating liquidations.
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Source: K33 Research
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