This week brought a welcome relief for crypto investors. After shaking off volatility from the Musk–Trump feud, Bitcoin surged on the back of surprisingly weak U.S. jobs data, reviving hopes for faster Federal Reserve rate cuts.
Historically, the third quarter has been a bullish period for crypto, with strong gains across both Bitcoin and major altcoins. With fresh liquidity potentially entering the market and sentiment improving, one question is rising fast: Will we see new all-time highs in July?
Let’s explore what’s happening in CryptoUnity’s weekly crypto news.
Musk–Trump Feud and the Budget Bill Shake Sentiment Shortly
Since our last weekly crypto news, Bitcoin (BTC) has stayed in a tight trading range, hovering mostly around 90.000–92.000 € ($106,000–$108,000), except for a brief dip during the Musk–Trump headlines.
In the past two days, Elon Musk’s renewed feud with Donald Trump grabbed headlines. Trump criticized Musk for relying on government subsidies and suggested a federal investigation, while Musk fired back, declaring, “cut it all now.” Their clash reminded markets of earlier concerns about government spending and support, briefly rattling Tesla shares and some crypto prices.
At the same time, the US Senate narrowly passed Trump’s so-called “Big Beautiful Bill” — a budget reconciliation package aimed at reducing taxes and regulating healthcare and AI — but it left out any provisions on crypto taxation, even though some senators had pushed to address double taxation for miners and stakers. This means crypto miners and stakers won’t see any immediate tax relief or clarity from this bill, leaving the current crypto tax rules unchanged for now.
💡 Beginner tip: Big political headlines can cause sudden, sharp moves, but they often fade quickly. If you see a market dip tied to such news, remember to pause and assess before making an emotional trade.
Bitcoin Soars Past 92.500 € ($109,000) as Weak Jobs Data Sparks Fed Rate Cut Hopes
After stabilizing from the Musk–Trump feud, Bitcoin (BTC) surged 4% past 92.500 € ($109,000) today, reacting to the largest US private-sector job decline in two years and other optimistic data lining up. This surprising weakness in the labor market made traders hopeful that the Federal Reserve could cut rates sooner than expected — a move that would inject fresh liquidity into crypto and other risk assets.
Adding to optimism, last week Fed Chair Jerome Powell signaled that new international trade deals, like the one officially signed with China, would help reduce inflation, opening the door to lower rates. Since then, new trade agreements have been popping up quickly, including announcements involving Vietnam, India, Canada, and even the EU, all pointing to easing global tensions.
If the Fed does begin cutting rates soon, it could mark a breaking point — potentially triggering a parabolic rally in Bitcoin and the broader crypto market.
💡 Beginner tip: When interest rates go down, it usually becomes cheaper to borrow money, so people and investors often put more cash into higher-risk assets like Bitcoin. This is why crypto sometimes jumps on bad economic news (like job losses) — because it raises the chances of lower rates ahead.
Will We See New All-Time-Highs in July?
Bitcoin’s price action looks increasingly primed for another leg higher, with investors eyeing new all-time highs just months away.
Institutional Buying Drains Exchange Supply
The amount of Bitcoin held on exchanges has dropped to its lowest level in seven years, as large funds, ETFs, and institutional investors continue buying aggressively. With coins flowing into cold storage, the available supply is shrinking — setting up the conditions for a classic supply shock that could fuel another rally.
Historical Patterns Support Summer Strength
July is historically one of Bitcoin’s best-performing months, and this year could be no exception. The S&P 500 and US stock markets are at new record highs, helping investor sentiment flow into riskier assets like crypto. Analysts note that Bitcoin has not lost more than 10% in July in the past decade, and often benefits when stocks move higher.
Momentum Builds Toward a New ATH
After a brief slowdown and consolidation phase, Bitcoin’s pattern suggests a breakout is close. With supply tightening, institutions stacking BTC, stocks setting records, and macro data supporting rate cuts, all signs are pointing to a fresh all-time high potentially arriving sooner than many expect. If this powerful setup holds, markets may be witnessing the early stages of Bitcoin’s next parabolic run.
Altcoins Steady, Waiting for a Catalyst
Altcoins, especially Ethereum (ETH), Ripple (XRP), and Solana (SOL), stayed mostly range-bound this week, with prices lacking a clear direction. Still, several signals show that demand remains in the background, thanks to ETF inflows and continued interest from big investors.
Ethereum is holding up well despite recent volatility, as steady inflows into ETH ETFs suggest institutions see long-term value. XRP is attracting attention after fresh reports increased the odds of an XRP ETF approval later this year, which could unlock new capital. Meanwhile, Solana, even after failing to hold its recent gains, remains one of the most talked-about coins in the market, with strong developer interest and on-chain activity supporting its ecosystem.
Overall, the altcoin market is in a “wait and see” phase, with traders watching whether these assets can break out of their current sideways trends. Historically, consolidation periods like this have often built the base for powerful rallies once confidence returns.
Crypto markets look ready to build on this momentum, with improving investor confidence, stronger institutional flows, and a tightening supply picture all working in their favor. As more traders return from the sidelines, the next moves in Bitcoin and altcoins could set the tone for the rest of the summer. Stay sharp, stay informed — and keep watching for the opportunities ahead.
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