Quick overview

Live BTC/USD Chart

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Bitcoin showed resilience, holding the $118,000 mark after reaching a record high of $123,000 last Monday, illustrating how market dynamics are constantly shifting. Market watchers viewed this modest increase as a logical pause following the passage of the GENIUS Act, America’s first major stablecoin law that establishes a regulatory framework.

 

Current market behavior appears to be a pause for the markets to digest recent gains rather than indicating a structural downturn.

Federal Reserve Chair Jerome Powell’s upcoming speech is attracting attention amid rising expectations for future monetary policy directions, which is adding pressure to the markets. Both the cryptocurrency and traditional asset markets could be affected by the Fed’s stance, especially regarding rate changes.

With assessments indicating a potential rate cut in September, markets expect Powell’s tone to have a significant impact. Speculation about Trump continues.

Meanwhile, ongoing talks about possible US tariffs and the approaching deadline are subtly exerting pressure on markets worldwide.

There is widespread speculation about whether major tariffs will be imposed, delayed, or modified once again. Amid ongoing institutional adoption in the cryptocurrency space, this uncertainty inevitably extends into global markets, resulting in a complex interaction of potential risk factors.