1. Inflation Data to Impact Bitcoin and Altcoins 2. Earnings Season and Crypto Market 3. Crypto Week Legislation: GENIUS, CLARITY, and Anti-CBDC Measure 4. Stablecoin and Crypto Treasury Strategies

Bitcoin's recent rally to $118,800 and the altcoin market's surge to a $3.68 trillion valuation may face turbulence with upcoming inflation data, earnings season, and Congress's "Crypto Week" legislative triple-header. Inflation data on Wednesday is expected to show a rise in core inflation to 0.3%, and the Federal Reserve's response could impact riskier assets. Earnings from notable Wall Street companies, such as Goldman Sachs and JPMorgan, may also impact the crypto market. Three bills, including the GENIUS Act and CLARITY Act, could shape crypto policy and regulations.

Bitcoin's recent rally to $118,800 and the altcoin market's surge to a $3.68 trillion valuation may face turbulence with upcoming inflation data, earnings season, and Congress's "Crypto Week" legislative triple-header. Inflation data on Wednesday is expected to show a rise in core inflation to 0.3%, and the Federal Reserve's response could impact riskier assets. Earnings from notable Wall Street companies, such as Goldman Sachs and JPMorgan, may also impact the crypto market. Three bills, including the GENIUS Act and CLARITY Act, could shape crypto policy and regulations.

Bitcoin's price surge, which reached a new all-time high of over $118,000, triggered significant liquidations, wiping out more than $1.11 billion in short contracts in a single 24-hour period ending on July 11 [1]. The rally also resulted in a massive wave of liquidations, with 261,866 traders being liquidated, and the combined value of all forced liquidations reaching $1.24 billion. The largest single liquidation was a BTC/USDT contract on the HTX exchange, valued at a staggering $88.55 million. Leading exchanges like Bybit, HTX, Gate, OKX, and Binance accounted for a significant portion of the total liquidations, with short liquidations vastly outpacing long liquidations across all major cryptocurrencies [1].

Meanwhile, the U.S. House of Representatives is set to vote on a market structure bill, a stablecoin bill, and a bill banning a U.S. central bank digital currency next week, bringing the U.S. a vital step closer to drafting new rules for the industry [2]. The House is expected to vote on the "Digital Asset Market Clarity Act of 2025" (Clarity), the Anti-CBDC Surveillance Act, and the "Guiding and Establishing National Innovation for U.S. Stablecoins of 2025" (GENIUS). The House Rules Committee is scheduled to meet Monday at 4:00 p.m. ET to discuss each of the bills. If the GENIUS Act receives its own vote, U.S. President Donald Trump may sign it into law as soon as next Friday or the following Monday [2].

The CLARITY Act will create a framework for how different cryptocurrencies are treated by federal regulators, including the Securities and Exchange Commission and Commodity Futures Trading Commission. The GENIUS Act will set up a framework for overseeing stablecoins, while the Anti-CBDC Surveillance Act would ban the U.S. from developing or launching a central bank digital currency. The passage of these bills could provide regulatory clarity for the crypto industry, though it may take time for regulators to write and implement rules after these bills become law [2].

In addition to the legislative developments, inflation data and earnings season could also impact the crypto market. Inflation data on Wednesday is expected to show a rise in core inflation to 0.3%, which could influence the Federal Reserve's response and impact riskier assets, including cryptocurrencies. Earnings from notable Wall Street companies, such as Goldman Sachs and JPMorgan, may also impact the crypto market, as investors reassess their portfolios and risk tolerance.

In conclusion, while Bitcoin's recent rally and the altcoin market's surge have shown strong momentum, the upcoming inflation data, earnings season, and Congress's "Crypto Week" legislative triple-header may introduce turbulence. Investors should closely monitor these developments and adjust their strategies accordingly.

References:
[1] https://api.news.bitcoin.com/wp-json/bcn/v1/post?slug=bitcoin-rally-to-118k-wipes-out-over-1-billion-in-short-bets
[2] https://finance.yahoo.com/news/state-crypto-previewing-congress-crypto-195411609.html