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If you’re following crypto and bitcoin markets, this week looks extremely promising. With several powerful macro catalysts converging, the momentum is building for a strong upward push. In this article, we’ll dive into the key drivers behind this optimism, from major legislative developments to trade deals and Fed signals—all pointing toward a fantastic week ahead for bitcoin and the broader crypto market.
Why This Week Could Be Great for Bitcoin and Crypto
The current market environment is shaping up to be very bullish. Bitcoin is steadily climbing, currently approaching the $109,000 mark, with potential to revisit the $110,000 level we saw recently. This price action suggests momentum is starting to build, but what’s really driving it?
The Big Beautiful Bill Passed: What It Means for Bitcoin
One of the most significant recent developments is the passing of what I call the “big beautiful bill.” This legislation raised the US debt ceiling and paved the way for continued government spending. While some opponents of the bill are worried about increased deficits, this very fact actually bodes well for bitcoin.
Why? Because ongoing government spending and rising deficits tend to push investors toward alternative stores of value like bitcoin. In fact, bitcoin’s upward trend can partly be attributed to this bill. Although Wall Street might have mixed feelings—since the bill also includes tax cuts that benefit big business and the wealthy—the overall effect is likely positive for bitcoin in the long term.
Trade Deals and Tariffs: Clearing the Path for Growth
Trade dynamics are another important factor. Just last week, around 12 new trade deals were announced, including agreements with the UK, China, and Vietnam. This influx of trade agreements is great news for markets.
Additionally, there’s pressure building for more clarity on tariffs. Scott Benson has indicated that letters will be sent to countries warning that if deals aren’t reached by August 1st, tariffs could be reinstated. This push for resolution is beneficial because tariff uncertainty has been holding back interest rate cuts.
Currently, tariffs have not significantly increased inflation, despite economists’ concerns. Gas prices and certain goods are actually lower, and around $120 billion has been collected from tariffs so far. If tariffs are reduced or clarified, it could pave the way for rate cuts, which would be a strong positive for bitcoin and the markets.
FOMC Minutes Could Signal Fed Rate Cut Possibility
Midweek, we’ll get the minutes from the last Federal Open Market Committee (FOMC) meeting. Markets will be watching closely for any hints that the Federal Reserve is preparing to cut interest rates. While a rate cut this month seems unlikely, September is widely priced in for easing.
However, July is still early, and the FOMC meeting is at the end of the month—so there’s a chance the minutes could reveal some openness to rate cuts if specific economic conditions are met. Any hint of this would likely boost crypto and bitcoin prices even further.
Technicals Back Up the Bullish Case
On the technical side, bitcoin is showing signs of a breakout. After retesting the $110,000 level on July 4th, momentum is building. If bitcoin can break through this resistance, the next target would be around $112,000, setting a new high.
We’ve seen a gradual climb from $107,000 to $108,000 and $109,000 over the past weeks, indicating a solid base is forming. Patterns and indicators suggest we are at the very beginning of a breakout phase, which could trigger big moves this week.
The Perfect Storm: Macro + Fundamentals + Technicals
Combine these technical signals with strong fundamental drivers—the big bill, trade deals, potential rate cuts—and you have a perfect storm for a significant green candle in the crypto markets. Buying pressure continues to grow every week, and all these catalysts together create an environment ripe for a rally.
Altcoins Are Also Showing Signs of Life
When bitcoin leads with strength, altcoins tend to follow. Ethereum has shown some renewed strength recently, and Solana is also picking up momentum. We even got a glimpse of what’s ahead with meme coins and smaller projects like Suie and Avalanche seeing a revival.
This early movement in bitcoin often sparks broader market enthusiasm, bringing altcoins back to life. Plus, with several crypto conferences happening this week and next, there’s potential for new announcements or developments that could further energize the market.
Final Thoughts: Get Ready for a Fantastic Week
All signs point to a very strong week ahead for bitcoin and crypto. While there’s always some uncertainty—like how Wall Street might react to the big bill—the combination of legislative progress, trade clarity, Fed signals, and technical momentum is compelling.
If you’re a bitcoin investor or crypto enthusiast, now is the time to pay attention and prepare. This week could bring the kind of exciting market action that sets the tone for the months ahead.
Stay tuned, stay informed, and get ready to ride this wave. It’s going to be fantastic.
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