Overview

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The recent market crash that sent shock waves across the crypto industry stems from macroeconomic developments. However, three upcoming events could shed light Bitcoin remains below $60,000 as traders eye key US macro-economic events for potential price impacts. Fed's July minutes, jobless claims, and Powell's speech at Michaël van de Poppe, CEO and founder of crypto consultancy and educational platform EightGlobal, told his 614,300 Twitter followers on Monday that it’s “all eyes on the CPI data next week,” adding bullish forecasts for Bitcoin (BTC) should it flip above its $20,000 price point. Co-founder of The Crypto Academy, Ver más Bitcoin is still near $20,000, for example. But if macro events in July feed into the narrative that 1) inflation is peaking/has peaked already 2) growth is weakening and 3) July has historically been a bullish month for Bitcoin, but will the trend hold, or are we nearing the summit of the current bull run? Will Bitcoin Rise This July? Analysts are This week, the spotlight is on significant movements in the cryptocurrency market, highlighting critical macroeconomic updates and notable events impacting altcoins. In

Bitcoin and July's Macro Events: Crypto Critical Juncture?

The crypto market is on edge. Will Bitcoin rise this July? Analysts are closely watching key macroeconomic updates for potential price impacts. The recent market crash that sent shock waves across the crypto industry stems from macroeconomic developments. However, three upcoming events could shed light. This week, the spotlight is on significant movements in the cryptocurrency market, highlighting critical macroeconomic updates and notable events impacting altcoins.

Why July's Macro Events Matter for Bitcoin

Bitcoin is still near $20,000, for example. But if macro events in July feed into the narrative that 1) inflation is peaking/has peaked already 2) growth is weakening, understanding their influence is crucial. Bitcoin remains below $60,000 as traders eye key US macro-economic events for potential price impacts. These aren't just numbers; they directly influence investor sentiment and the future of crypto.

Key Macro Events to Watch This July

Several key events are in focus, including:

  • Fed's July Minutes: Insights into the Federal Reserve's thinking will be critical.
  • Jobless Claims: These figures paint a picture of the economy's health.
  • Powell's Speech: His commentary can significantly impact market expectations.

Expert Analysis: What to Expect

Michaël van de Poppe, CEO and founder of crypto consultancy and educational platform EightGlobal, told his 614,300 Twitter followers on Monday that it’s “all eyes on the CPI data next week,” adding bullish forecasts for Bitcoin (BTC) should it flip above its $20,000 price point. Co-founder of The Crypto Academy, Ver más. Many are asking: 3) July has historically been a bullish month for Bitcoin, but will the trend hold, or are we nearing the summit of the current bull run?

Conclusion: Navigating the Crypto Landscape

The intersection of Bitcoin and macroeconomic events in July presents a critical moment for crypto. Monitoring these events closely will be essential for navigating the market and making informed decisions. Whether July brings a bullish resurgence remains to be seen, but being prepared is paramount.

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