The bitcoin course is growing. New ATH! Find out what drives increases

What drives increases this time? First of all, news from the USA and macroeconomics. We met the next minutes of the Fed, i.e. a report from the June meeting of the Central Bank Board. Although the interest rates were left at the level of 4.25-4.5%, Minutes shows that most members of the bank authorities say that this year there will be reductions. Only four meetings of the board ahead of us, in turn: in July, September, October and December.

Fed Watch Tool data shows that at the end of the year the feet will be at the level of 3.75-4%, which means two foot cuttings of 25 PB each. In July, we may not wait for discounts, but – again referring to the Fed Watch Tool platform – the first will reach in September, and the next in October.

However, that’s not all. Added to this was a successful auction of 10-year US bonds, which is also good for risky markets, which still include Bitcoin.

As the analyst notes the Kostecki dish, the market did not scare away 10-year bonds, even the signing by Donald Trump Big Beautiful Billa law that will increase the US deficit and thus deteriorate the economic situation of Americans.

The market probably also expects the end of the customs war, which the US has been fighting since April with almost the whole world. The final date for signing new trade agreements with individual countries was set by the White House on August 1. The problem is that hardly anyone takes it seriously: the term is constantly sliding over time, which shows that the Americans themselves are afraid of the effects of customs.

Soon the market will also start to value the impact on the economy of the selection of the new president of the Fed. Jerome Powell’s term of office will end in spring 2026, but Trump will soon announce who will become his potential successor. If he falls on someone close to the president (and everything indicates it), investors will start to value much lower percent rates. and quantitative loosening.