According to Cointelegraph, Bitcoin continues its upward trend after the ceasefire in the Middle East, reaching a price of $105,000 and becoming a buying target. Institutional fund inflows remain steady despite geopolitical uncertainties.
Federal Reserve official Michelle Bowman stated that she supports a rate cut in July if the data allows. In her speech in Prague, she mentioned that if inflationary pressures remain controlled, she would support a rate cut to maintain a healthy labor market.
CME Group's FedWatch Tool shows that the market expects the first rate cut to occur in September 2025. Federal Reserve Chairman Jerome Powell will testify before Congress on June 24-25.
