Bitcoin Eyes New ATH Before July 9 US Trade Tariff Deadline
Bitcoin is poised to potentially reach a new all-time high this week, influenced by the upcoming U.S. trade tariff deadline on July 9 and the anticipated "Crypto Week" in Washington, D.C. Analysts from 10x Research predict a bullish trend post-July 4th, while UBS Global Wealth Management suggests that postponing tariffs could enhance market risk appetite. Bitcoin prices are currently close to their previous high, briefly exceeding $109,500. Market volatility is expected, with some analysts believing a framework agreement with the EU may be signed soon. Recent developments have led to a rally in crypto markets, adding over $50 billion in capitalization. Traders are also considering altcoins for potential gains as higher volatility is anticipated in the latter half of the year. Optimism exists that Bitcoin and Ethereum will attract more investors amid macroeconomic uncertainties and potential inflation.
