'Biggest trade deal ever' — 5 Things to know in Bitcoin this week
Main Idea
Bitcoin enters a volatile week with potential price catalysts, including US macroeconomic data and trade deals, while maintaining a bullish stance near $120,000.
Key Points
1. Bitcoin price action surged late-week, nearing $120,000 but failed to sustain momentum, holding around $119,000.
2. Traders anticipate potential new all-time highs if Bitcoin maintains support above $117,000, with liquidity expectations pointing to possible volatility.
3. Upcoming US macroeconomic events, including Q2 GDP and the PCE index release, could significantly impact Bitcoin and broader markets.
4. A major US-EU trade deal, exempting key sectors and involving significant investments, has boosted market optimism, with the S&P 500 reaching record highs.
5. Bitcoin's July performance, up 11.3% in 2025, aligns with historical averages, but August typically shows weaker returns, raising questions about future price stability.
Description
Bitcoin gets an early macro tailwind as the US seals trade deals, but plenty of BTC price volatility catalysts are waiting in the wings into August.
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