According to BlockBeats, the preview of important macro events in the U.S. for the coming week is as follows: Monday, Fed Governor Bowman will speak on monetary policy and the banking sector. Tuesday, Fed Chairman Powell will deliver semi-annual monetary policy report testimony before the House Financial Services Committee. Wednesday, FOMC permanent voting member, New York Fed President Williams will speak; Fed Chairman Powell will deliver semi-annual monetary policy report testimony before the House Financial Services Committee.
Thursday, U.S. initial jobless claims for the week ending June 21 (10,000), previous value 24.5. Friday, U.S. May core PCE price index year-on-year, expected 2.60%, previous value 2.50%; U.S. June Michigan University consumer confidence index final value, previous value 60.5.
According to ChainCatcher, under increasing macroeconomic pressure, BTC dropped from a high of $106,000 to below $103,000, followed by a slight rebound. Santiment reports that retail investor sentiment is currently at its lowest level since the tariffs announced on Trump’s liberation day in early April, but due to the unusually strong pessimism among retail investors, it may signal a price rebound according to past patterns, as Bitcoin has previously rebounded shortly after similar panic sentiments arose, largely because major investors often take advantage of retail sell-offs to accumulate at better prices. The Federal Reserve has recently maintained stable interest rates, further exacerbating market pressure.
Over the past month, Bitcoin trading prices have remained in a relatively narrow range of $100,000 to $110,000. Meanwhile, on-chain indicators show that the number of open contracts on Binance is declining, indicating that derivatives traders are continuing to deleverage, while whale wallets have been steadily accumulating since 2023, suggesting that despite short-term uncertainties, large holders are still accumulating.
● The U.S. demands the EU make unilateral concessions in trade negotiations
According to BlockBeats, on June 21, during U.S.-EU trade negotiations, the U.S. demanded unilateral concessions from the EU. EU officials believe these demands are unbalanced and may violate WTO rules. Washington's demands include fish export quotas, non-reciprocal tariff measures, and economic security requirements. Even if an agreement is reached, many of Trump's tariffs will remain unchanged. The EU seeks a mutually beneficial agreement and will assess the final outcome to determine the level of acceptance.
● Texas Governor signs HB 4488, protecting state Bitcoin reserves as a permanent fund
Texas Governor Greg Abbott has passed House Bill 4488 (HB 4488), which aims to protect certain state government funds, including any Bitcoin reserves created outside the state treasury, from being included in general revenue. The bill exempts the reserve fund and other special funds from the obligation to be automatically dissolved in 2025.
● Tether CEO claims Bitcoin is the new gold
According to Odaily Planet Daily, Tether CEO Paolo Ardoino stated in an interview with CNBC that, "I love Bitcoin. Bitcoin is completely different from other cryptocurrencies; Bitcoin is the new gold."
● Real Vision CEO: Current bull market cycle may extend to Q2 2026
According to PANews, Real Vision CEO Raoul Pal indicated that the current cryptocurrency market is reminiscent of the 2017 pattern, when Bitcoin steadily rose throughout the year and soared in December. Macroeconomic data suggests that the current cryptocurrency cycle may extend to Q2 2026.
According to BlockBeats, on June 21, former U.S. Treasury Secretary Summers pointed out that Trump has frequently criticized Federal Reserve Chairman Powell for refusing to cut interest rates, attempting to shift the blame for future economic recessions onto the Fed. Summers predicts that despite Trump's pressure, he will ultimately nominate a respected mainstream figure to replace Powell to avoid market turmoil.
