Bitcoin is expected to hit a new all-time high close to $63,000 before July 9.

Bitcoin is predicted to reach a new all-time high this week, as traders monitor the US trade tariff deadline on July 9. Markets anticipate positive news, with UBS analysts suggesting a delay in tariffs could boost risk appetite. Bitcoin prices are close to the May 22 record, hitting $109,500 on Monday.

The upcoming week is expected to be volatile, with hopes of a US-EU framework agreement. Elon Musk’s positive comments on Bitcoin may influence the market. This week could present a buying opportunity before “Crypto Week” in DC next week. Markets are already rallying ahead of the tariff deadline.

Crypto markets have gained over $50 billion in 24 hours, following a flat weekend. Traders may turn to altcoins for potential gains as volatility increases. Bitcoin and Ethereum are seen as safe havens amidst macro volatility and potential inflation. Expectations are high for Bitcoin entering a new price discovery zone.

Read more at Cointelegraph.com

Bitcoin reaches new all-time high of $63,000 as investors continue to flock to the digital currency. Experts predict further growth as institutional interest in Bitcoin remains strong. The cryptocurrency market cap hits $2 trillion for the first time, with Bitcoin dominating 50% of the total market.: Bitcoin Eyes New ATH Before July 9 US Trade Tariff Deadline