The cryptocurrency market enters a pivotal week after a solid rally driven by weaker‑than‑expected US employment data, which lowered the odds of another Federal Reserve interest rate hike. Bitcoin added approximately 5% over the past seven days, while Ethereum surged nearly 12%. A packed calendar of economic reports and protocol‑level events now stands to either extend the relief or re‑test key support levels.
Monday, July 6 sees Starknet activate its v0.14.3 upgrade, introducing dynamic Layer‑2 base transaction fees to boost network efficiency. Meanwhile, the White House is expected to announce accelerated work on standards for advanced AI models.
Tuesday, July 7 brings a migration of land‑item smart contracts for Axie Infinity, a major announcement from Near Protocol, and Berachain transitioning to its PoL Next update that will discontinue the BGT token. SpaceX joins the Nasdaq‑100 index, potentially lifting broader risk‑on sentiment.
Wednesday, July 8 features cross‑chain infrastructure provider Squid launching its token public sale, the privacy‑first Interfold project auctioning its FOLD token, and Anthropic rolling out know‑your‑customer applications. At 21:00 UTC+3, the Federal Reserve publishes minutes from its latest policy meeting—always a closely watched document for clues on future rate path.
Thursday, July 9 LayerZero upgrades its default DVN configuration to a 3‑of‑3 model and begins deprecating v1 repeaters. The Bitcoin L2 network Botanix ceases operations, requiring users to withdraw assets by day’s end. At 15:30, US Initial Jobless Claims are released (expected 218k vs. prior 215k), a fresh gauge of labor‑market health.
Friday, July 10 brings regulatory developments: the Malta Financial Services Authority considers new DeFi rules, the EU implements updated anti‑money laundering rules, and Binance announces the delisting of ALCX, ARDR, NFP, and POND tokens.
Technical snapshots: Bitcoin has reclaimed the 20‑day EMA but faces a heavy resistance cluster between the 50‑day ($66,700) and 100‑day ($69,500) moving averages. A breakout above $70,000 would target the 200‑day MA near $75,000, while failure could send it back toward $60,000. XRP is testing the 50‑day EMA at $1.19 after bouncing from $1.05; a move above $1.28 would be the first bullish structural win in months, though the longer‑term downtrend remains intact. Shiba Inu stays trapped below all major moving averages, with the $0.0000049–$0.0000050 zone acting as the immediate hurdle. Dogecoin is attempting to break the $0.080‑$0.088 resistance band after finding support at $0.070, though it too remains under key EMAs.
