How Will June Play Out for BTC and Cryptocurrency? Expected to Be Calm or Volatile?

Although activity in the crypto market remains low as the summer months begin, June is expected to be not a quiet month on the economic policy front in the United States, according to digital asset research firm K33. According to a report published today by Chairman Vetle Lunde of K33 Research, the 90-day tariff suspension will end on July 9, while President Donald Trump hopes to pass the "Great Bill" in the Senate on July 4. These two developments signal a chaotic phase for the crypto market at the end of June. "We had a pleasant time without discussions about tariffs for most of May. However, Trump broke this peace by threatening the EU with a 50% tariff and then postponing the decision on tariffs until July 9," Lunde said, adding that Bitcoin had dropped from its peak following Trump's announcement and has yet to reach that level. He conveyed that this situation shows how sensitive the market is to discussions about tariffs. Last week, Wall Street began using a new acronym for Trump: "TACO," which stands for Trump Always Chickens Out. The term was coined to refer to easing tensions with China after imposing tariffs and postponing those tariffs. But Lunde said such rhetoric and the upcoming deadline for imposing tariffs could increase pressure on Trump to pursue tougher policies. At the same time, the Republican party is said to be working overtime throughout June to pass Trump's "Great Act" through the Senate and onto the president's desk. This act could add an additional $3.8 trillion to the national debt over the next decade, with much of the burden coming from cuts to corporate and individual taxes along with other stimulus and spending plans. According to Lunde, the debate over the Senate bill and amendments could create significant volatility in the crypto market in June. If the bill is passed, these broader impacts could boost market sentiment and offset pressure from the reimposition of tariffs.