Crypto Market Awaits July Tariff Resolutions for Rate Cuts

As June concludes, the crypto market is poised for significant shifts in July. Predictions for this year suggest that altcoins may gain relief from pressure around October, coinciding with ETF approvals. July is a critical period for the remainder of the year as tariff uncertainties are expected to be resolved. This month will see key economic indicators and tariff negotiations that could influence the direction of the crypto market.

On July 9th, negotiations regarding tariffs are set to conclude. Just days prior to the Federal Reserve meeting on July 15th, the final inflation report will be released. In the coming days, U.S. employment data will be unveiled. Should ADP and JOLTS present negative figures, the number of Fed members advocating for rate cuts in July could increase. Over the past week, three members signaled that rate cuts might initiate in July if inflation doesn’t surge significantly.

Last week, Waller addressed the early signs of easing employment and remarked, “We shouldn’t expect chaos in employment while the pace of new job creation hits bottom,” emphasizing the necessity of rate cuts. Tariffs dominate July’s agenda. At least four major tariff agreements are anticipated within the next week. The European Union received the final offer from the U.S. on Friday and is currently reviewing it. Should the EU decide not to retaliate against the U.S. to strengthen its position—thus avoiding a fate similar to Canada’s—a promising start for cryptocurrencies in July could be on the horizon.

Agreements with countries like India, Japan, and South Korea are nearing completion and their formal signatures may steer the Fed more easily towards rate cuts, under expectations that tariffs’ impact on inflation remains limited. Two scenarios unfold for the crypto market. Either tariffs are resolved amicably, allowing the Fed to initiate rate cuts out of alleviated fears, lifting cryptocurrencies. Alternatively, with continued uncertainty expected to end on July 9th, cryptocurrency sales may commence. Meanwhile, the U.S. has been diligently working in the background, eager for tariff proposals sent to trading partners to be accepted.

SOL Coin, having regained momentum at $142, hasn’t yet reclaimed the $158 base. If this threshold is achieved, it can ascend to the $188-$203 range in July. Beyond this, the $222-$247 area follows, with the all-time high in sight. In a negative scenario, targets lower to $142 and $137, followed by $126 and $110. Ripple’s appeal withdrawal may see a reciprocal move from the SEC soon, indicating the case’s closure. XRP Coin endeavors to reclaim $2.2 support, targeting a breakthrough to the $2.48-$2.55 range on its path to $2.79 and $2.95. In a downturn, $1.98 serves as a potential support level.

LINK Coin rebounded from $11, struggling with closures above $13.75. Weekend low volumes account for this. Should this area be crossed in upcoming days, $15.3 and $17.35 follow, targeting new peaks at $19.5. In June, AVAX’s attempt beyond $22.5 was abruptly halted. July’s potential rise targets this mark. With an anticipated peak at $26.93. On declines, $17.5 and $15.85 remain viable targets.