$BTC and $MENGO Eye New Highs Ahead of “Crypto Week” Event

Bitcoin (BTC) and Flamengo Fan Token (MENGO) are gaining momentum as markets gear up for a potentially bullish week. With the US tariff deadline and “Crypto Week” event approaching, both assets are drawing strong interest from investors and traders alike.

Bitcoin (BTC) Could Break All-Time High

Bitcoin is once again nearing record territory, and this time, the stars might align for a major breakout. According to Markus Thielen, head of research at 10x Research, the world’s largest cryptocurrency is “likely to set a new all-time high this week or next.”

Much of the excitement hinges on two things: the end of the US tariff pause on July 9 and the post-holiday market trend. Historically, the period following the July 4th holiday has seen positive movement in the crypto market, and Thielen believes this seasonality could boost Bitcoin’s chances of a rally.

UBS Global Wealth Management added that if the US delays the expected tariffs once again, it could be read as a sign of hesitancy—possibly increasing investor appetite for riskier assets like BTC.

Technical traders are also joining the bullish camp. John Bollinger, the creator of the famous Bollinger Bands indicator, said on Sunday that “Bitcoin looks to be setting up for an upside breakout.”

“Crypto Week” Builds Buzz Around Digital Assets

Adding fuel to the fire is the upcoming “Crypto Week” event set to take place in Washington, D.C. Although specific details of the event are yet to be fully outlined, such gatherings typically bring together key players in the industry—often leading to positive sentiment and increased media coverage.

Investors are keeping a close watch, especially as favorable regulatory signals or fresh announcements could push prices even higher.

MENGO Fan Token Surges With 20% Daily Gain

While Bitcoin grabs global headlines, Flamengo’s Fan Token (MENGO) is quietly making big moves of its own. The price of MENGO is currently at $0.1176, showing a 20.79% increase in the last 24 hours and a 10.10% gain over the past week.

The surge in price is backed by a huge spike in trading volume. MENGO recorded $2,335,607 in 24-hour trading activity—a stunning 1,606.60% increase from the day before. This points to a clear rise in interest and demand from fans and traders ahead of the “Crypto Week” spotlight.

With a circulating supply of 12 million tokens, MENGO now holds a market cap of $1.42 million. Whether this momentum continues depends on broader market conditions and how sports-related tokens perform in a busy crypto news cycle.

Outlook: Eyes on the Tariff Decision

The next 48 hours could set the tone for the crypto market. If the US delays the tariffs again, risk-on assets like BTC may benefit. Combined with post-holiday optimism and upcoming events, the current setup seems favorable for more upside.

Both The BTC Token and The MENGO Token are well-positioned to capitalize on this momentum. Traders will be watching closely as the market enters what could be a defining week for 2025’s mid-year rally.