Key Highlights

You are reading the Crypto Daybook Americas, your essential morning briefing on overnight crypto market activities and what to expect today. To receive this daily newsletter at 7 a.m. ET, subscribe here.

Bitcoin Update: As of now, Bitcoin is up 0.9% in the last 24 hours, recovering from a previous decline to $107,936.87, following a strong finish to June.

Bitcoin Rally

Recent Trends and Predictions

Bitcoin has historically performed well in July, gaining an average of 7% in the past decade. Market maker Wintermute has shown through analysis that July often pairs robust returns with muted investor sentiment.

The upcoming U.S. payrolls report is awaited for clues regarding Federal Reserve interest rate adjustments. Fed Chair Jerome Powell has suggested a cautious approach, saying they will ‘wait and learn’ how tariffs affect inflation.

Upcoming Events:

• Crypto: July 2 - Shares of the first U.S.-listed ETF focusing on Solana begin trading.
• Macro: July 3 - U.S. the Bureau of Labor Statistics will release June employment data.
• Governance Votes: GnosisDAO and others are voting on key proposals affecting development funding.

Crypto Market Movement

• BTC is currently fluctuating around $107,684.07.
• ETH is at $2,449.08, reflecting minor fluctuations in the last 24 hours.
• Trading activity has shown a flat future interest, indicating a wait-and-see approach from traders.