Although activity in the cryptocurrency market continues to be low as the summer months begin, June is not expected to be a quiet month on the US economic policy front, according to digital asset research firm K33. According to a report published today by K33 Research President Vetle Lunde, the 90-day tariff moratorium ends on July 9, while President Donald Trump hopes to get the “One Big Beautiful Bill” through the Senate by July 4. These two developments signal a turbulent period for markets at the end of June. “We had a pleasant period free of discussions about tariffs for most of May. However, Trump disrupted this peace by threatening the EU with a 50% tariff and then postponed the decision on the tariffs until July 9,” said Lunde, adding that Bitcoin retreated from its peak levels after Trump’s statement and has not yet approached those levels. He conveyed that this situation shows how sensitive the market is to discourses about tariffs. Related News: BREAKING: After Remaining Silent for a Long Time, Trump Makes His Move in Cryptocurrencies! And He's Not Stopping There—He's Partnering with a Surprise Altcoin Last week, Wall Street began using a new acronym for Trump: “TACO,” which stands for Trump Always Chickens Out. The term was coined as a reference to the easing of tensions with China following the tariffs and the postponement of those tariffs. But Lunde said such rhetoric and the upcoming tariff deadline could increase pressure on Trump to pursue tougher policies. At the same time, Republicans are said to be working overtime throughout June to pass Trump’s “Magnificent Act” through the Senate and onto the president’s desk. The legislation could add $3.8 trillion to the national debt over the next decade, with much of that burden coming from corporate and individual tax cuts and other stimulus and spending plans. According to Lunde, the Senate bill debate and possible amendments could create significant market volatility in June. If the bill is approved, these expansionary effects could boost market morale and offset the pressure from the return of tariffs. *This is not investment advice. Continue Reading: How Will June Unfold for Bitcoin and Cryptocurrencies? Calm or High Volatility Expected?
