On July 21, according to the requirements of Administrative Order No. 14178, the White House will release its first cryptocurrency policy report on July 22 this week.
It is hard to say whether this is good or bad; it mainly depends on what content is mentioned inside, as the policy will definitely lean favorable. If specific details about the Bitcoin strategic reserves are mentioned, along with other cryptocurrencies, those related coins may see some upward movement, but it won't be as much as the previous announcement regarding Bitcoin.
If the content is merely a summary of previous policies and doesn't elaborate much on future expectations, the probability of it being bearish is quite high.
Considering the tense China-U.S. trade relations, the impact on the U.S. economy from the Fed not lowering interest rates and expanding the balance sheet, as well as the risks of cashing out in the U.S. stock market due to RRP hitting a red line, the overall outlook for this week remains bearish.
