Bitcoin
Spring hard against $ 110,000 on Wednesday, on Tuesday’s short risk-off wave that drew the price of below $ 106,000.
Recently, the biggest crypto traded at its strongest price since June 11, about $ 109,500, an increase of 3.5% over the last 24 hours.
The action came when Donald Trump announced a trade agreement with Vietnam and helped risk assets everywhere. Nasdaq at noon is ahead of 0.8%.
Under the agreement, the United States will impose a 20% duty on goods from Vietnam and a 40% tax on transhipped goods – producers being directed through Vietnam on their way to USU exports will again have no duty when they enter the Vietnamese market.
To increase the crypto mood specifically could be the debut of Rex-OsPrey Solana + Staking Etf (SSK)the first such crypto -staking product that is available in the United States
“Volume in $ SSK now at $ 20m, which is really strong, top 1% for a new launch,” wrote Bloomberg analyst Eric Balchunas a short time ago. Balchunas noticed that Solz-a Futures-based Sun Etf, which opened for the business in March-Kun, made $ 1 million volume on its first trading day.
July could be great (in both directions)
July is designed to be a potentially unstable month for Bitcoin, driven by the Trump administration’s policy, according to Vetle Lunde, head of research at K33.
Trump is expected to sign a controversial expansionary budget proposal called the “big beautiful bill” by Friday. The bill, which could expand the US deficit by $ 3.3 trillion, is seen by some as bullish for scarce assets like BTC, Lunde said.
Another key date that threatens the 9th of July dust period, which could see more aggressive trading position from Trump.
Third, on July 22, the final deadline for action on long -awaited Crypto Executive Order with potential updates on the US strategic Bitcoin Reserve.
“July is crowded with latent Trump volatility,” Lunde said. Still, crypto markets are relatively calm without excessive foam, he noted.
“There are few reasons to expect a massive wide degradation of the crypto market as the crypto -label remains contained,” he said. “This favors to maintain spote and remain a patient as we progress to a period of time well known for its seasonal apathy.”
