Bitcoin 
$82,774 has surged beyond $118,000, and altcoins are continuing the day on a positive note. Investors are breathing a sigh of relief following strong BTC closings. Market volatility is increasingly favoring the bulls, with some altcoins potentially yielding more significant gains in this process. So, what are the future prospects for cryptocurrencies in the coming days?
Key Developments in Cryptocurrency
As of July 21, BTC remains above the critical support level of $115,500. ETH is near the anticipated $4,000 threshold. Recently, Trump Media announced that BTC reserves have reached $2 billion following recent acquisitions. MSTR made a new purchase worth approximately $750 million last week. Meanwhile, ETF entries continue robustly.
What’s in store for cryptocurrencies in the coming days and hours?
22nd July Tuesday
- 15:30 Powell to Speak
- 18:00 OpenAI CEO to Speak
- 20:00 Fed/Bowman
23rd July Wednesday
- 17:00 Trump’s AI Announcements
- 23:05 Tesla and IBM Earnings Reports
- 23:30 Google Earnings Report
24th July Thursday
- 14:00 TCMB Rate Decision (Expectation: 43.5%, Previous: 46%)
- 15:15 ECB Rate Decision (Expectation: Stable)
Expectations in Cryptocurrencies
This week holds critical announcements and developments in artificial intelligence. Developments in the AI field are positively impacting cryptocurrencies. Additionally, we may see more positive differentiation in AI-focused altcoins this week.
Next week, a decision on interest rates and the Fed’s policy stance clarification is expected. This week may bring progress in tariff negotiations. Trump still presses for a 30% tariff on the EU and tries to enforce his desired agreement. So far, there have not been new developments. The White House implied that finalization of agreements for many countries is almost complete, but aside from Vietnam, there hasn’t been any significant movement this month.
Good news might start coming this week. If there are to be agreements, we should see them arriving gradually, encouraging other partners towards August 1. Current tariffs are terrible for inflation.
The only person wanting the Fed to cut rates in July is Waller, a potential Fed Chair candidate. Recently, two members who supported him changed their stance.
