Overview

• U.S. Commerce Secretary Howard Lutnick confirmed that the July 9 tariff deadline has been pushed back to August 1, extending the pause on Trump-era import taxes.
• The tariff delay followed Treasury Secretary Scott Bessent’s remarks that multiple trade deals are nearing completion ahead of the original July 9 cutoff.
• Bitcoin spiked above $109,000 while XRP, Solana and Dogecoin all gained at least 2%, driving a nearly 25% surge in crypto trading volume.
• The rally eliminated $134 million in bearish short positions and lifted the Crypto Fear & Greed Index from 66 to 73, reflecting heightened market optimism.
• Analysts say seasonal factors could drive a robust altcoin boom and foresee Bitcoin climbing toward $150,000 by late August.