After Federal Reserve Chair Jerome Powell's speech on June 2, 2025, the crypto market showed a positive response. Although Powell did not explicitly state a change in monetary policy, the dovish tone of his speech, as perceived by analysts, sparked speculation that The Fed might consider easing policy in the near future. This drove Bitcoin (BTC) prices above $105,000, reflecting increasing investor optimism towards risk assets like crypto.
The latest inflation data shows a decrease to 2.3%, approaching The Fed's target of 2%. This situation reinforces market expectations that a rate cut could occur in the second half of this year, potentially supporting further rallies in the crypto market.
Additionally, on-chain indicators show accumulation by large investors. The number of Bitcoin wallet addresses holding more than 1 BTC increased by 3% over the past week, reaching 1.02 million as of June 1, 2025. Institutional fund flows were also observed, with $150 million entering the Bitcoin ETF on June 1, 2025.
