3 Major Catalysts that Will Rock the Bitcoin and Altcoin Markets This Week!

Jakarta, Pintu News – The market for Bitcoin (BTC) and other altcoins last week moved in a narrow range despite increased fund inflows into exchange-traded funds (ETFs) and major US indices such as the Nasdaq 100 and S&P 500 hitting record highs.

Bitcoin (BTC) briefly breached the $110,000 mark for the first time in a month before falling back, closing the week at $108,000. The overall market capitalization of the coin stands at $3.30 trillion.

Here are some of the major catalysts that could affect Bitcoin (BTC) and other altcoins!

Rate Deadline

The first important catalyst was the expiration of the 90-day pause on tariffs imposed by President Donald Trump, which was scheduled to end on July 9. The US has reached preliminary trade deals with several countries including Vietnam, China, and the UK.

However, other major trading partners such as Canada, the European Union, Japan, and South Korea may revert back to the high tariffs announced in April. The re-imposition of these “retaliatory tariffs” will likely have a negative impact on Bitcoin (BTC), altcoins, and the stock market.

For example, the price of Bitcoin (BTC) plummeted to $74,000 after the Liberation Day speech, but then bounced back after the announcement of the 90-day pause.

Read also: Smarter Web Company Reaches 1,000 Bitcoin (BTC) Milestone, Here’s the Strategy!

FOMC Minutes

Bitcoin (BTC) and altcoins are also expected to react to the release of the Federal Open Market Committee (FOMC) minutes, scheduled for Wednesday. These minutes, for the May 6-7, 2025 meeting, will provide more information about the last meeting where officials decided not to change the interest rate which is currently in the range of 4.25% to 4.50%.

The minutes will provide clues about when officials plan to cut interest rates, which would be good news for Bitcoin (BTC) and altcoins. However, the chances of a rate cut in July have decreased recently due to strong nonfarm payrolls data.

Also read: How much will XRP cost if Bitcoin (BTC) continues to surge until 2030?

The Potential for a Bitcoin Price Crash

Another key catalyst for Bitcoin (BTC) and the crypto market is the potential breakout of the Bitcoin (BTC) price. The chart below shows that Bitcoin (BTC) has been below its previous record high of $111,900 in recent weeks.

Bitcoin (BTC) has also formed a bullish flag pattern, shown in black, and a cup-and-handle pattern. These two patterns often result in greater profits over time.

Therefore, this week’s price outbreak could push it to reach new record highs, which would lead to further gains among altcoins.

Conclusion

With various catalysts potentially affecting the market, market participants and investors should remain vigilant and ready to make decisions based on the latest developments. A rise or fall in the price of Bitcoin (BTC) and altcoins can present significant opportunities or risks.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Crypto News. Top 3 Catalysts for Bitcoin and Altcoins This Week. Accessed on July 8, 2025
• Featured Image: Generated by AI