The weekend saw a slight adjustment in the cryptocurrency market, but after entering the first week of the second half of the year,
BTC and ETH both started to rebound slightly, with the market cap returning to around 3.44 trillion.
In terms of hot topics, the U.S. House of Representatives has just passed the $3.4 trillion "Great Beautiful Act" proposed by Trump, which is friendly to businesses, leading to an increase in bullish market expectations.
However, there are many risks this week: energy data, central bank minutes, tariff deadlines, and U.S. Treasury auctions are all scheduled, which may intensify market volatility.
July 9 is a key date — the "buffer period" for the Great Beautiful reciprocal tariffs expires. If Trump chooses to extend it, market sentiment may reverse; if tariffs are imposed as planned, it may not be friendly to risk assets.
Bitcoin is currently once again challenging the 109,500 level, just 2.2% away from its previous high; ETH is also challenging 2600 again. In the short term, the key will still be how U.S. political news unfolds, with considerable room for future volatility.
