Tezos (XTZ) is down 0.6% this week to $0.5270, underperforming the broader crypto market, where Bitcoin (BTC) is slightly lower by 0.2% at $108,740. The token continues to struggle near its lower range around $0.470. Although Tezos managed a bounce to $0.560 in early June, it failed to build momentum towards the key resistance at $0.600.
The upcoming resolution of trade disputes, expected around July 9 and August 1, could be a turning point. If negotiations conclude positively, Bitcoin may break above its $108,000–110,000 resistance and move towards $118,000–120,000 — a scenario that would likely lift the entire crypto market, including Tezos.
On the fundamental side, Tezos recently launched its Fast Withdrawals feature, reducing transfer times from 15 days to just one minute. While this improvement hasn’t yet sparked a strong price reaction, it could provide a tailwind for XTZ once broader market sentiment improves.
