Bitcoin’s Future Growth Hinges on Macroeconomic Factors and Trade Deal Progress, Experts Say
2025-07-10 09:54:08
Main Idea
Bitcoin's future growth depends on macroeconomic factors and trade deal progress, with potential impacts from interest rate reductions and market momentum.
Key Points
1. Bitcoin's trajectory after its recent peak is influenced by macroeconomic factors and trade deal progress, according to Sid Powell, CEO of Maple.
2. Positive progress in trade talks and subdued interest rate reductions could bolster Bitcoin's price movement.
3. John Glover, Chief Investment Officer at Ledn, notes the presence of notable selling pressure around Bitcoin's previous all-time high from May 22.
Description
Bitcoin’s trajectory following its recent peak is closely tied to prevailing macroeconomic factors and developments in global trade, according to Sid Powell, CEO of Maple, a prominent crypto asset management
Latest News
- Ether Price Eyes Potential Rally to $3,000 Amid Corporate Treasury Purchases and Bullish Sentiment2025-07-10 19:28:51
- Several Public Companies, Including Aker ASA and Rumble, May Be Quietly Adding Bitcoin to Their Balance Sheets2025-07-10 19:13:04
- Dogecoin and Other Meme Coins Show Potential Gains Following Bitcoin’s Rise Above $113,0002025-07-10 19:00:48
- Bitcoin Price Nears $114K Amid Stablecoin Liquidity Surge and Institutional Buying Signals2025-07-10 18:47:22
- VeChain’s VET May See Increased Adoption Through Wanchain Cross-Chain Bridge Integration2025-07-10 18:32:40