Current price:

#Bitcoin is currently around $116,435, which is about 5% lower than its highest recorded price of around $123,000.

The important event:

July 9 was the deadline for the 90-day freeze imposed by President Trump on U.S. tariffs.

What happened after July 9?

Despite the end of the freeze period, tariffs were not implemented immediately. What happened is that the U.S. government allowed extra time for negotiations.

The actual implementation of tariffs could happen in early August if no agreement is reached. This unofficial delay has allowed the market to breathe and has increased investors' appetite to buy Bitcoin.

If a second delay occurs, the markets will interpret it as the government being hesitant to implement decisions, which enhances investors' appetite for risk – and here comes another boost for Bitcoin.

What is the market situation currently?

- Bitcoin above $116K

- Gained over $50 billion in just 24 hours!

- And if the economic data is good on Tuesday, the market will continue its surge.

What should we do as traders?

- Keep an eye on news about tariffs and their delays.

- Watch Elon Musk's tweets, as his influence is still strong in the market.

- If there is a temporary drop, it might be a buying opportunity before (Crypto Week) this week in Washington.

What should we do as investors?

- If you are a buyer:

Don't sell in haste. The market is volatile, but there are political and economic news that could push it up, so be patient and keep an eye on it. Define clear exit points. Set a specific price that if the currency reaches, you start to partially exit to secure your profits. Follow developments day by day. Especially this week (Crypto Week), votes could change the market direction.

If you're not a buyer:

Keep an eye on Bitcoin. If it breaks the previous high again, a new surge in the market might begin. Start with a small amount. The market could drop suddenly, so don't enter with all your capital at once.

Important point:

If the Federal Reserve hinted at lowering interest rates, everyone will rush to Bitcoin and Ethereum to escape inflation. Of course, liquidity will gradually shift to altcoins.