🌤️ Market Snapshot — Calm on the Surface, Tension Beneath

1️⃣ 🌊 Crypto Bounces on Ceasefire Hopes — But It’s Still Fragile

BTC surged from ~$99K to ~$105K after rumors of a ceasefire deal between Iran and Israel. Altcoins like XRP and SOL rallied, pushing the Fear & Greed Index up to 65 (Greed).

The market is now steadily climbing toward the $106.5K zone, showing signs of a gradual, cautious recovery — but overall sentiment remains fragile as traders stay alert for further headline risks.

But within hours, Iran denied any ceasefire agreement. The pump quickly turned fragile, and the market’s still walking a fine line.

2️⃣ 💼 Spot Bitcoin ETF Inflows Stay Strong

Spot Bitcoin ETFs recorded another +$350.5M inflow, with BlackRock adding +$217.7M, marking their 10th consecutive positive day.

ETH Spot ETFs added +$100.7M, driven by Fidelity (+$60.5M) and BlackRock (+$25.8M).

3️⃣ 🏦 Fed Chair Powell Testified — No Rate Cuts Yet, But Open to It

At 1:00 AM UTC (June 25), Jerome Powell told the U.S. House:

The U.S. economy remains stable, no immediate recession.

Inflation may cool faster than expected, but tariffs might push it back up later this year.

Most Fed officials back rate cuts by year-end, now having more flexibility than in past zero-rate cycles.

Banks can keep offering crypto services, but the Fed won’t touch crypto itself.

Bottom line: More time needed before any policy move, timeline for cuts remains late 2025.

4️⃣ 🧠 Macro Highlights You Shouldn’t Miss

The Fed dropped the ‘reputational risk’ barrier for banks working with crypto — clearing the way for deeper crypto adoption in traditional finance.

The FHFA will study how crypto holdings affect mortgage eligibility — another step toward institutional acceptance.

I don’t know who you are, but to everyone out there — be careful, my brothers.