The Bitcoin 
$93,773 price hovers just under $104,000, and U.S. markets are opening with a distinct selling pressure. As recent developments raise concerns in the realm of cryptocurrencies, it seems like we are slowly moving into times where anomalies are starting to become the norm. Every day presents a new risk attempting to smother the risk markets. What are the summer peak targets for MKR and BTC, and what will happen at 20:00?
MKR Coin and BTC Targets
July 9 marks the final day for tariffs, and as we predicted, volatility has been on the rise since mid-June. Trump, with his stark declarations, attempts to break the deadlock in negotiations as the tariff bargaining intensifies. While the process with the EU has sped up, it’s now China’s turn for reconciliation. During this period, it is anticipated that numerous countries, including India, will announce consecutive agreements.
Waleed Ahmed anticipates that the rising trend in the summer months will push the MKR Coin price to the thresholds of $3,250 and $4,074.
Quinten believes that the inevitably increasing global liquidity will propel BTC prices to $150,000 during the summer months. If such a peak occurs, the liquidity inflow from BTC to altcoins during a 1-2 month ascent period could lead to gains exceeding 10x. However, this won’t apply to all altcoins.
June 2 Powell’s Statements
Today at 20:00, Powell will make announcements. Speaking at the Federal Reserve Board’s International Finance Division’s 75th Anniversary Conference in Washington, D.C., Trump will share his views on exchange rates and interest rates. In the midst of rumors that Trump wants Powell gone to ensure interest rate cuts and that Powell might soon resign, these statements hold extra significance.
Furthermore, just days ago, as described by Trump, a “good” meeting took place at the White House, with everyone’s eyes glued to the screen. It wouldn’t be logical to expect Powell to signal resignation during this event, and abrupt resignation wouldn’t be favorable for cryptocurrencies either.
However, should we see statements like “tariffs won’t pose as significant problems on the economy as feared,” and that upcoming agreements this month will allay concerns further, that would be wonderful. The Fed is delaying interest rate cuts due to worries about a “major crisis” stemming from tariffs. Such statements would boost market support as interest rate cut expectations soar. We are just hours away from learning what they discussed and agreed upon with Trump.
