Bitcoin Gains As The Federal Reserve Leaves The Door Open To A July Rate Cut

Key points:

• Bitcoin holds a ceasefire in the Middle East because $ 103,000 is becoming a new area of ​​interest for the “purchase of immersion”.

• The institutional influx of BTC holds firmly despite geopolitical uncertainty.

• Fed official Michelle Bowman says it would be open to a decrease in interest from July if it were allowed.

Bitcoin (BTC) Holded $ 105,000 in June 24 Wall Street open when the BTC prices were suddenly reproduced.

Analyst: Bitcoin “Buy DIP” Now $ 103,000

Data from COINTELEGRAPH Markets for and Tradingview showed BTC/USD to maintain the majority its 4.4% profits from the day before.

Relief from the conflict in the Middle East in the form of a preliminary ceasefire Rally crypto and riskswhile the oil prolonged losses.

For bitcoins traders, there were signs of bull recovery on the market everywhere.

“Strong rally from the quarries of the series after a large gradation and deviation of liquidity,” business trader Daan Crypto Tradees summarized Part of his latest analysis on X.

“Now back near the center of the range from the last 6 weeks.”

The crypto of the merchant, analyst and entrepreneur Michaël van de Poppe described the price of the BTC as the digestion of the “trend switch”.

“Now it is raised after we were going on a massive liquidation crash to make after $ 100,000. said X followers.

“It’s time to buy immersion so if we get to $ 103,000, it’s an area you would like to accumulate.”

Institutional trends also remained intact, even at the height of US strikes in the US, while the funds of traded bitcoins (ETF) maintained a pure tide.

“Although the tide was modest, no main drains have been recorded, which is a remarkable signal of investors’ confidence,” commented the onchain analytics Glassnode platform to ETF activity.

Fed’s Bowman could “support” a decrease in the July rate

In another bull signal, the US Federal Reserve System indicated that the interest rates would be opened before markets were expected.

Related: Why does the price of bitcoins increase today?

During a speech In Prague in the Czech Republic 23 June, Vice -President Michelle Bowman indicated that it would support the reduction of the Federal Federal Federal Committee (FOMC).

Bowman has also suggested that the economic impact of US trade tariffs can be less acute than fears.

“If the upcoming data show that inflation continues to evolve favorably, while ascending pressures remain limited to goods prices, or if we see signs that softer expenses spill into weaker labor market conditions, this development should be addressed in our political discussions and reflect in our negotiations,” she said.

“If the inflation pressures remain contained, I would support a reduction in the political rate as soon as our next meeting approaches its neutral environment and maintain a healthy labor market.”

The latest data from the CME Group Fedwatch It shows that the markets believe that the first of two cuts 2025 will come at the September meeting Fomc.

As Cointlelegraph reportedFed chairman Jerome Powell, under President Donald Trump, who is to reduce, is to testify before the lawmakers in Washington 24-25. June.

This article does not contain investment counseling or recommendations. Every investment and business step includes a risk and readers should do their own research in decision -making.