Crypto’s Explosive Rally Turns Heads Across Global Financial Markets

Digital assets defy gravity—again—as Bitcoin flirts with all-time highs and altcoins surge.

Mainstream skepticism meets FOMO

Traders who dismissed crypto as 'dead' in 2022 now scramble for exposure—just as institutional players quietly accumulate positions. The irony? Wall Street's sudden interest comes precisely when retail investors could use some bullish momentum.

Regulators left playing catch-up

While bureaucrats debate stablecoin frameworks, decentralized protocols process record volumes. Another reminder that innovation moves faster than legislation—especially when there's money to be made.

This isn't just a rally—it's a stress test for traditional finance's ability to adapt (or get left behind). And if history's any guide? The suits will complain about volatility right up until they start charging 2-and-20 for 'digital asset exposure.'

$107,600 and Ethereum$2,468 have made notable strides this week, with Bitcoin surpassing the $108,000 mark and Ethereum crossing $2,500. As these significant movements unfold, many altcoins are also experiencing upward trends, some exceeding 5% growth. This resurgence in prices has redirected the attention of investors towards the upcoming macroeconomic data releases and statements from major central bank officials during the European Central Bank (ECB) forum. Notably, the crypto market has largely recovered from losses incurred due to tensions between Iran and Israel, which had previously driven Bitcoin below $100,000.

ContentsThe Focus on Macroeconomic Data and Powell’s StatementsTariff Discussions Continue to Garner Attention

The Focus on Macroeconomic Data and Powell’s Statements

Market participants are closely monitoring a series of critical macroeconomic data expected to be released this week, alongside remarks from top-level central bankers speaking at the ECB forum. Federal Reserve Chairman Jerome Powell is set to speak at the ECB forum panel on Tuesday, alongside central bank heads from the UK, South Korea, and Japan.

Last week, Powell expressed to U.S. officials that the Fed would not rush to cut interest rates. Meanwhile, U.S. President Donald TRUMP criticized Powell on Sunday for keeping interest rates “artificially high.” These contradictory statements have increased uncertainty regarding the Fed’s future monetary policy.

Peter Chung, Head of Research at Presto Research, has labeled this week as “significant,” reminding that labor market data including May’s Job Openings and Labor Turnover Survey (JOLTS), June’s non-farm payrolls, and the unemployment rate, are set for release. Chung underscored that “foundations in the realm of cryptocurrency have never been stronger thanks to policy winds and mainstream adoption.” He added that if these data indicate weakness, expectations for a rate cut could strengthen, potentially raising prices of risk assets, including cryptocurrencies.

Tariff Discussions Continue to Garner Attention

Vincent Liu, CIO of Kronos Research, emphasized that investors are also paying close attention to developments in tariff discussions and movements in the U.S. dollar as deadlines on July 8 and 9 approach. Liu noted, “Tariff talks and continuing dollar weakness will capture the market’s attention this week, ahead of the July 8 deadline.”

Liu highlighted that the crypto Fear and Greed Index stands at 66, indicating a “high” market sentiment, but warned that any significant macro change could disrupt this scenario. He concluded by stating, “Cryptos are rising but trust can be tested. Momentum is building as macro headwinds ease and risk appetite returns.”

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