Three Factors That May Influence Cryptocurrency Markets This Week

The cryptocurrency market, which fell slightly over the weekend, made small gains as the second half of the year began. The US House's narrow approval of President Trump's $3.4 trillion fiscal package, the "One Big Beautiful Bill," and strengthening job market indicators suggest potential optimism for consumer spending.

However, several events this week may cause market volatility, including energy outlooks, US bond auctions, Federal Reserve minutes, and tariff deadlines. The key event to watch is the July 9 deadline for the 90-day pause in US reciprocal tariffs. Market outlook for cryptocurrencies like Bitcoin and Ethereum is contingent on these developments, with a favorable outcome on global tariffs potentially leading to new all-time highs.