{"id":34847,"date":"2025-07-02T17:02:14","date_gmt":"2025-07-02T17:02:14","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=34847"},"modified":"2025-07-02T17:02:14","modified_gmt":"2025-07-02T17:02:14","slug":"bitcoin-rebounds-toward-110k-presaging-what-could-be-a-volatile-july","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=34847","title":{"rendered":"Bitcoin Rebounds Toward $110K, Presaging What Could Be a Volatile July"},"content":{"rendered":"
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Bitcoin BTC is bouncing hard towards $110,000 on Wednesday, shrugging off Tuesday’s brief risk-off wave that dragged the price below $106,000.<\/p>\n

Recently, the largest crypto traded at its strongest price since June 11, around $109,500, up 3.5% over the past 24 hours.<\/p>\n

The action came as Donald Trump announced a trade deal with Vietnam, helping risk assets across the board. The Nasdaq at midday is ahead 0.8%.<\/p>\n

Under the deal, the U.S. will impose a 20% tariff on goods from Vietnam and a 40% levy on transshipped goods\u2014products routed through Vietnam on their way to the U.S. U.S. exports, in turn, will face no tariffs when entering the Vietnamese market.<\/p>\n

Boosting crypto sentiment specifically could be the debut<\/a> of the REX-Osprey Solana + Staking ETF (SSK), the first such crypto staking product available in the U.S.<\/p>\n

“Volume in $SSK now at $20M, which is really strong, top 1% for a new launch,” wrote Bloomberg analyst Eric Balchunas a short while ago<\/a>. Balchunas noted that SOLZ \u2014 a futures-based SOL ETF that opened for business in March \u2014 did just $1 million of volume on its first day of trade.<\/p>\n

July could be big (in either direction)<\/h5>\n

July is shaping up to be a potentially volatile month for bitcoin, driven by Trump administration’s policies, according to Vetle Lunde, head of research at K33. <\/p>\n

Trump is expected to sign a controversial expansionary budget bill dubbed the “Big Beautiful Bill” by Friday. The bill, which could widen the U.S. deficit by $3.3 trillion, is seen by some as bullish for scarce assets like BTC, Lunde said. <\/p>\n

Another key date looming is the July 9 tariff deadline, which could see more aggressive trade posturing from Trump.<\/p>\n

Thirdly, July 22 is the final deadline for action on long-awaited crypto executive order, with potential updates on the U.S. Strategic Bitcoin Reserve.<\/p>\n

“July is crowded with latent Trump volatility,” Lunde said. Still, crypto markets are relatively calm without excessive froth, he noted.<\/p>\n

“There are few reasons to expect a massive broad deleveraging of the crypto market, as crypto-leverage remains contained,” he said. “This favors maintaining spot exposure and staying patient as we progress into a period well known for its seasonal apathy.”<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin BTC is bouncing hard towards $110,000 on Wednesday, shrugging off Tuesday’s brief risk-off wave that dragged the price below $106,000. Recently, the largest crypto traded at its strongest price since June 11, around $109,500, up 3.5% over the past 24 hours. The action came as Donald Trump announced a trade deal with Vietnam, helping […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-34847","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/34847","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34847"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/34847\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}