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How Will June Be for Bitcoin and Cryptocurrencies? Is Calm Expected, or High Volatility?
As we enter the summer months in the crypto market, activity continues to remain low, but according to digital asset research firm K33, a calm June is not expected on the U.S. economic policy front.
According to the report published today by K33 Research Director Vetle Lunde, the 90-day customs duty deferral will end on July 9, while President Donald Trump hopes to receive the "One Big Beautiful Bill" from the Senate by July 4. These two developments signal a tumultuous period for the markets at the end of June.
"We had a pleasant period away from discussions about customs duties for a large part of May. However, Trump disrupted this peace by threatening a 50% customs duty on the EU and subsequently postponed the decision regarding the taxes until July 9," said Lunde, noting that Bitcoin pulled back from its peak levels following Trump's statement and has not yet approached those levels. He conveyed that this situation shows how sensitive the market is to tariff-related rhetoric.
Last week, a new acronym for Trump came up on Wall Street: "TACO," Trump Always Chickens Out, (Trump always atar) back down. This definition emerged as a reference to the easing of tensions with China after the tariffs and the postponement of these tariffs. But Lunde said such rhetoric and the impending tariff deadline could increase pressure on Trump to pursue tough policies.
At the same time, it is stated that the Republicans will work hard throughout June to pass Trump's "Great Law" through the Senate and bring it to the President's desk. This law could impose a burden of $3.8 trillion on the national debt over the next decade. A large portion of this burden comes from corporate and individual tax cuts as well as other incentives and spending plans.
According to Lunde, the discussions on the bill in the Senate and potential changes could create significant volatility in the markets in June. If the bill is approved, these expansionary effects could boost market morale, balancing the pressure resulting from the return of customs duties.
*It is not investment advice.
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