According to @cas_abbe, traders should closely monitor Bitcoin (BTC) as the US tariff deadline on August 7 could trigger a price correction if not postponed. In addition, the potential release of ChatGPT 5 is expected to drive renewed interest in AI-related tokens, with TAO identified as a key leader in this sector. These developments present significant trading opportunities and risks, especially for those focused on high-impact events and trending sectors within the cryptocurrency market. Source: @cas_abbe.

According to @cas_abbe, major cryptocurrencies including Bitcoin (BTC), XRP, and Dogecoin (DOGE) experienced a significant rally following comments from U.S. Treasury Secretary Scott Bessent. Bessent hinted at the finalization of several trade deals before the July 9 tariff deadline, easing investor concerns about a potential trade war escalation. This positive macroeconomic signal pushed BTC's price briefly above $109,000, a level supported by current BTC/USDT data showing a 24-hour high of $109,076.98. The report notes that other major altcoins also saw gains, with XRP and Solana (SOL) rising over 2%, and Dogecoin (DOGE) up by 3%. This market movement contrasts sharply with the sell-off on April 2, when the initial tariff announcement caused BTC to fall to $75,000, highlighting the crypto market's sensitivity to US trade policy.

According to Miles Deutscher, several key macroeconomic events next week could impact cryptocurrency markets. On Monday, Manufacturing PMIs will be released, which could influence market sentiment. Tuesday sees a tariff deadline for Mexico and Canada that could affect cross-border trade dynamics. Wednesday's ADP employment report and Non-manufacturing PMIs may offer insights into economic health, potentially affecting investor confidence. Thursday's US jobless claims provide a snapshot of labor market conditions, while Friday's Employment Situation report could significantly influence market volatility. Traders should monitor these events closely for potential impacts on cryptocurrency valuations.