Americas Crypto Market Outlook: Bitcoin Expected to Overcome Pessimistic Trends

By Omkar Godbole (All times ET unless specified otherwise) Financial markets, particularly oil, have shown resilience in the face of violence in the Middle East, as evidenced by their muted reaction to the US airstrikes on Iran's nuclear facilities and the potential blockade of the Strait of Hormuz shipping route over the weekend. Brent and WTI crude prices rose by only 3% at the start of the week and have since retraced their gains, mirroring the positive movements in bitcoin and S&P 500 futures. The dollar index is trading slightly higher, while gold is experiencing moderate losses. According to Valentine Fournier, an analyst at BRN, long-term growth drivers will eventually outweigh bearish sentiment. "Despite short-term fluctuations and temporary risk aversion, the underlying demand for bitcoin is strengthening. Public entities like Texas and companies like MetaPlanet are solidifying bitcoin's position as a strategic reserve, laying the groundwork for a potential rebound once uncertainty subsides," Fournier said in an email. "We remain optimistic about bitcoin's resilience and believe Solana could outperform during a recovery. Although Ethereum has lost some institutional support in the short term, it may regain ground as volatility subsides," Fournier added. Mean Theodorou, co-founder of the crypto exchange Coinstash, warned that volatility may persist throughout the week, driven by macroeconomic conditions and geopolitical developments, with the US-Iran situation being a key focus. Other observers highlighted Federal Reserve Chairman Jerome Powell's semiannual monetary policy testimony to Congress, scheduled for Tuesday, and the release of core PCE data on Friday as key events for the week. Theodorou noted that altcoins may remain active as traders seek opportunities outside of major-cap tokens, although "caution is warranted due to recent price instability, with DOGE, ADA, and SOL each posting steep double-digit losses, highlighting broad market de-risking as international conflict dominates decision-making in the near term." In other news, Tokyo-listed Metaplanet announced the purchase of an additional 1,111 BTC. The cryptocurrency exchange OKX is reportedly considering an initial public offering (IPO) in the US. Grant Cardone, CEO of real estate investment firm Cardone Capital, disclosed that the company has added approximately 1,000 BTC to its balance sheet. Regarding the growing influence of artificial intelligence, popular AI agent Aixbt stated that decentralized perpetuals-focused exchange Hyperliquid has demonstrated the ability of DeFi to outperform during times of stress, referencing the risk-off sentiment over the weekend. "The next crisis will separate the platforms that actually work from those propped up by VC money and empty promises," the agent said. Stay alert! Key Events to Watch Token Events Conferences The CoinDesk Policy & Regulation conference (formerly known as State of Crypto) is a one-day boutique event held in Washington on September 10, bringing together general counsels, compliance officers, and regulatory executives with public officials responsible for crypto legislation and regulatory oversight. Space is limited, and attendees can use the code CDB10 for a 10% discount on registration until July 17. Token Talk by Shaurya Malwa Derivatives Positioning Market Movements Bitcoin Statistics Technical Analysis Crypto Equities As of June 30, Galaxy's Nasdaq listing will be denominated in US dollars, replacing the Canadian-dollar-denominated listing on the TSX. ETF Flows Spot BTC ETFs Spot ETH ETFs Source: Farside Investors Overnight Flows Chart of the Day While You Were Sleeping In the Ether