Regulatory Support to the Market
- We are preparing to leave behind the period defined as “crypto week” by the US House of Representatives, and digital assets continue to gain value with the approval of very important laws that can be called “milestones” for the crypto ecosystem.
- With the effects of the regulations, gains in altcoins stand out.
- It is also noteworthy that President Trump is preparing a decree that aims to pave the way for alternative investments such as crypto, gold and private equity in 401(k) plans by transforming the $9 trillion US pension market.
- Meanwhile, Trump continues to squeeze US Federal Reserve (FED) President Powell on interest rate cuts.
- While we think that the expectations that the uncertainties of regulators will disappear and digital assets will be more adopted will continue to have an impact on cryptocurrencies, we think it would not be surprising to see a “pause for breath” movement for a while after the recent rises.
- In this regard, coin-based price movements may come to the fore, and then pricing in a change in major assets that is more than speculation may take its place again.
For a detailed review of our twice-daily technical analysis report and the latest developments in digital assets click here.
US Prelim UoM Consumer Sentiment; It is a survey conducted by the University of Michigan (UoM) with approximately 420 consumers, asking respondents to assess the relative level of current and future economic conditions. Financial confidence is a leading indicator of consumer spending, which accounts for a large share of overall economic activity. It has two cycles, 14 days apart, called Preliminary and Revised. The “Preliminary” is usually relatively more influential on prices and is published monthly in the middle of the current month. If the actual data comes in below expectations, it can have a positive impact on cryptocurrencies.
Highlight of the Day
Important Economic Calender Data
| Time | News / Event | Expectation | Previous |
|---|---|---|---|
| Last Day | House Announces Week of July 14‑18 as “Crypto Week” | — | |
| — | Official Trump (TRUMP) 90 MM Token Unlock | — | |
| — | Fasttoken (FTN) 20 MM Token Unlock | — | |
| 14:00 | US Michigan Consumer Sentiment (Jul) | 61.5 | 60.7 |
| 14:00 | US Michigan 1‑Year Inflation Expectations (Jul) | 5.0 % | 5.0 % |
Information
*The calendar is based on UTC (Coordinated Universal Time) time zone.
The economic calendar content on the relevant page is obtained from reliable news and data providers. The news in the economic calendar content, the date and time of the announcement of the news, possible changes in the previous, expectations and announced figures are made by the data provider institutions. Darkex cannot be held responsible for possible changes that may arise from similar situations.
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