Bitcoin News Today: Cryptocurrency Market Surges as Trump Signs Historic Law

The cryptocurrency market has experienced significant developments, with Donald Trump signing a historic cryptocurrency law into effect and both Bitcoin and altcoins seeing a substantial surge. As the new week begins, several economic developments and altcoin events are anticipated to impact Bitcoin and other cryptocurrencies.

On Monday, July 21, Thailand's Securities and Exchange Commission will conclude its public consultation on cryptocurrency listing standards. Additionally, Malaysia Blockchain Week will commence, and Coinbase will launch its Futures platform in the US.

Tuesday, July 22, marks the deadline for claiming Spark's Ignition Phase 1 airdrop. At 15:30, FED Chairman Jerome Powell will deliver a speech. Later, at 23:05, Tesla, a significant Bitcoin owner, will release its earnings report, with market participants closely watching whether the company will sell its Bitcoin holdings.

On Wednesday, July 23, at 23:05, Microsoft, Apple, and Meta will release their earnings reports. This will be followed by the European Central Bank's interest rate decision on Thursday, July 24, at 15:15. The expectation is that interest rates will remain unchanged. Additionally, at 3:30 PM, the US Initial Jobless Claims will be announced, with analysts forecasting 229k, compared to the previous figure of 221k.

Friday, July 25, is the final decision date for VanEck's Spot ETF for AVAX. This event is not final and should be monitored closely by investors.

These economic developments and altcoin events are expected to have a significant impact on the cryptocurrency market. Investors and traders should stay informed and prepared for potential market movements as these events unfold.