K33 Bitcoin Is Highlighting July: Will Calmness Be Disrupted This Year?
Although July is filled with significant developments that could shake the market, a quiet summer period may be experienced with trading volumes remaining low, similar to previous years.
K33 Research Director Vetle Lunde presented noteworthy analyses regarding the volatility of the cryptocurrency market in July in his latest report. The July calendar includes developments labeled as “Trump trade,” such as the U.S. budget proposal, new steps regarding Trump’s trade tariffs, and critical regulatory dates for cryptocurrencies. However, Lunde emphasized that despite similarly significant events in previous years, trading volumes remained low in July.
Referring to major events from previous years, Lunde stated:
“In July 2022, Three Arrows Capital and Celsius went bankrupt. Despite major political developments last July, such as Trump’s indictment and Biden’s resignation, Bitcoin (BTC) faced strong selling pressure due to Mt. Gox distributions and the German government’s Bitcoin sale. Nevertheless, July has consistently been the month with the second-lowest trading volume of the year over the last four years.”
Although July is filled with significant developments that could shake the market, a quiet summer period may be experienced with trading volumes remaining low, similar to previous years.
K33 Research Director Vetle Lunde presented noteworthy analyses regarding the volatility of the cryptocurrency market in July in his latest report. The July calendar includes developments labeled as “Trump trade,” such as the U.S. budget proposal, new steps regarding Trump’s trade tariffs, and critical regulatory dates for cryptocurrencies. However, Lunde emphasized that despite similarly significant events in previous years, trading volumes remained low in July.
Referring to major events from previous years, Lunde stated:
“In July 2022, Three Arrows Capital and Celsius went bankrupt. Despite major political developments last July, such as Trump’s indictment and Biden’s resignation, Bitcoin (BTC) faced strong selling pressure due to Mt. Gox distributions and the German government’s Bitcoin sale. Nevertheless, July has consistently been the month with the second-lowest trading volume of the year over the last four years.”
