logo

Perspective: Whether the Bitcoin Price Rally Can Continue Will Largely Depend on the Macro-Economic Situation and Any New Developments in the Trade Sector

By: theblockbeats.news|2025/07/10 18:01:54
0
Share
copy

BlockBeats News, July 10th: Regarding the trend following Bitcoin's break of a new high, Sid Powell, CEO and Co-Founder of crypto asset management company Maple, stated that whether Bitcoin's upward trend can continue largely depends on the macroeconomic situation and any new developments in the trade sector. He believes that if trade talks hit a snag before the August 1 deadline for Trump's trade agreement, it may bring more resistance to Bitcoin. However, if the trade agreement makes further progress and low inflation data prompts the Fed to restart key interest rate cuts, it may support the continued upward trend of Bitcoin.

In addition, John Glover, Chief Investment Officer of the crypto lending platform Ledn and former Managing Director at Barclays Investment Bank, stated, "Currently, Bitcoin appears to be merely retesting the previous all-time high from May 22nd and facing selling pressure at that level." (Jinse)

-- Price

--

You may also like

Ray Dalio's new article: The world is entering a war cycle

We are in a world war that will not end in the short term.

IOSG: When Fintech Meets Crypto Native: The Next Decade of Digital Finance

Header: FinTech is increasingly integrating stablecoins and blockchain infrastructure into core products, reshaping the global payment landscape.

They knew in advance that Trump would tweet about a ceasefire, entered with $20k, and exited with $400k.

They turned the war into a compounding investment

The biggest bottleneck in DeFi development

Today, the biggest threat facing DeFi is not just market conditions or liquidity; in terms of security, it also requires more than just preventing code vulnerabilities, because spies may be lurking nearby.

CZ Memoir Released: Reveals a Large Amount of Industry Insider Information, Prompting Intense Rebuttal from Xu Mingxing

As one of the most influential figures in the cryptocurrency industry today, Zhao Changpeng has personally experienced the difficult development journey of Binance and the cryptocurrency industry in its early years, which brings many little-known insider stories and details to this book, adding plen...

a16z: After securities are on the blockchain, why will intermediary institutions be replaced by code?

Writing transactions and settlements into code, the securities market begins to break free from intermediaries.

Popular coins

Latest Crypto News

23:42

Data: BTC total network contract open interest increased by 6.8% in 24 hours

According to Coinglass data, the total contract open interest for BTC has increased by 6.8% in the past 24 hours, with the current total open interest at $51.961 billion. Among them, Binance's open interest is $8.757 billion, OKX's open interest is $3.165 billion, Bybit's open interest is $4.292 bil...
23:42

The US Dollar Index DXY fell by 1%, erasing all gains since 2026

According to Jinshi reports, the US dollar index DXY fell by 1%, wiping out all gains since 2026.
23:42

U.S. Secretary of Defense: A ceasefire is just a pause, the coalition is still ready to resume operations at any time

U.S. Secretary of Defense Hagel said that the United States has achieved a decisive military victory in Iran, and Iran had begged for this ceasefire agreement. The U.S. launched 800 airstrikes on Tuesday night, destroying Iran's defense industrial base. Iran can no longer manufacture missiles, rocke...
23:42

Data: The current whale position on the Hyperliquid platform is $3.917 billion, with a long-short position ratio of 1.04

According to Coinglass data, the current whale position on the Hyperliquid platform is $3.917 billion, with long positions totaling $1.997 billion, accounting for 50.98% of the positions, and short positions totaling $1.92 billion, accounting for 49.02%. The profit and loss for long positions is $17...
23:42

Polygon Labs seeks up to $100 million in funding for its payment business

According to The Information, Polygon Labs is seeking up to $100 million in funding for its payment business expansion.
Read more
Community
iconiconiconiconiconiconicon

Customer Support Bot：@WEEX_support_smart_Bot

VIP Services：support@weex.com