Crypto Market Rises 10% After Iran-US Crisis Calms

The cryptocurrency market has been on the rise throughout the past week after the great collapse caused by the Iran-US crisis gave way to calm as things calmed down. While the Bitcoin price recovered after rising above $100,000, Ethereum attracted attention with its double-digit rise. However, the agenda will be busy in the new week and it may be to the benefit of cryptocurrency followers to be informed about numerous altcoin activities and economic developments.

On Monday, June 30, several significant events are scheduled. The Ethereum Community Conference event is starting, and the Golem Marketplace Open Beta will be released. Aptos will automatically migrate APT and its on-chain tokens to the FA standard, and Byreal, the on-chain DEX project developed by Bybit, will be available on the testnet. Additionally, Singapore is demanding that crypto companies that have established themselves in the country but provide offshore services cease operations today. Iranian cryptocurrency exchange Nobitex will gradually launch withdrawals, trading and deposits. The CME Group plans to launch spot-priced futures contracts covering Bitcoin, Ethereum and four major U.S. stock indices. The Nigerian SEC's new crypto marketing rules come into effect. At 18:00, Robinhood, one of the popular cryptocurrency exchanges in the USA, will make a mysterious announcement.

On Tuesday, July 1, SlowMist launches phishing simulation platform Unphishable. Ledn will be dropping support for Ethereum and will now only offer “Bitcoin loans for custody.” Zama, the privacy-focused blockchain protocol, will launch its testnet. At 12:00, the Eurozone Consumer Price Index (CPI) Annual will be released. At 16:30, FED Chairman Jerome Powell will speak.

On Wednesday, July 2, the SEC’s deadline to approve the Grayscale Digital Large Cap is set. The Grayscale Digital Large Cap’s basket currently includes BTC, ETH, XRP, SOL, and ADA.

On Thursday, July 3, STMX and XEM will be delisted by Upbit. At 15:30, several key economic indicators will be released, including US Average Hourly Earnings (Monthly) (June), US Initial Jobless Claims, US Nonfarm Payrolls, and US Unemployment Rate.

On Friday, July 4, Binance will delist ALPHA, BSW, KMD, LEVER, LTO tokens. Musk said Grok 4 will be released after July 4th. The U.S. Senate will hold a crucial vote on the Trump administration's tax and spending bill, called the “One Big Beautiful Bill Act,” and will attempt to pass the bill before July 4. Markets in the US will be closed.

On Sunday, July 6, Siacoin will receive the second phase of the V2 update.

The upcoming week is poised to be a pivotal period for the global economy and the cryptocurrency market, with several significant economic developments and altcoin events on the horizon. The crypto market is currently in a state of anticipation, with the direction of short-term movements hinging on forthcoming data releases. Analysts have noted that the market is in a wait-and-see phase, with key economic indicators and geopolitical tensions playing crucial roles in shaping market sentiment.

One of the most anticipated events is the potential impact of the Federal Reserve's monetary policy decisions. The Fed's stance on rate cuts and quantitative tightening (QT) has been a significant factor in the market's recent performance. According to analysts, fewer rate cuts and the ongoing QT have contributed to a more cautious market environment, with less risk-taking and reduced liquidity for altcoins. This has led to a situation where altcoins have struggled to gain traction, with many still below their highs from earlier in the year. The analyst Benjamin Cowen has highlighted that a true altcoin season is unlikely to begin until Bitcoin's dominance decreases further and the broader economic conditions shift.

The upcoming week will also see the release of several key economic indicators, including inflation data and employment reports. These data points are expected to influence market sentiment and could potentially trigger significant movements in both traditional financial markets and the cryptocurrency space. The U.S. core PCE inflation rate, for instance, has been a focal point for the Fed, with recent data showing a slight increase to 2.7% annually. This has led to a cautious approach from the Fed, with rate cuts far from guaranteed. The market's reaction to these data releases will be closely watched, as they could provide clues about the future direction of monetary policy and its impact on risk assets like cryptocurrencies.

In addition to economic data, geopolitical tensions continue to be a source of uncertainty. The ongoing trade talks between the U.S. and China, as well as other global trade negotiations, have the potential to influence market sentiment. Positive developments in these talks could boost risk appetite and drive gains in both equities and cryptocurrencies. Conversely, any setbacks or escalations in tensions could lead to increased volatility and risk aversion.

The cryptocurrency market itself is also facing several key events. The upcoming week will see the launch of new products and services by major players in the industry. For instance, Coinbase is set to launch perpetual-style futures on July 21, which could provide new opportunities for traders and investors. Additionally, the ongoing integration of ISO 20022 standards is expected to enable new payment rails, including Ripple, within the SWIFT network. This development could have significant implications for cross-border transactions and the broader adoption of blockchain technology.

Despite the potential for volatility, there are also signs of underlying strength in the cryptocurrency market. Institutional adoption continues to grow, with major companies and ETFs increasing their holdings of digital assets. This trend is reflected in the recent performance of the iShares Bitcoin ETF, which has seen record fund inflows and assets reaching $72 billion. The growing institutional interest is a positive sign for the long-term prospects of the cryptocurrency market, as it indicates a shift towards more mainstream acceptance and investment.