Your Weekly Crypto Market Update
Bitcoin had a relatively strong week, which helped it end the second quarter with almost 30% gains and trading around $109,000 by July 4th – pretty close to its all-time highs. The price briefly dipped to around $105K midweek following the Senate’s approval of Donald Trump’s massive budget legislation but it was quick to rebound.
Analysts remain split on the short-term outlook: Standard Chartered maintains a positive view with a $200,000 year-end target, while BitMEX co-founder Arthur Hayes warns of a potentail dip to $90K before another rally.
The major political development during this week was the passage of Trump’s $5 trillion legislation “One Big Beautiful Bill,” which makes the 2017 individual tax cuts…
