Bitcoin Remains Steady at $105,000 Amid Fed Decision and Geopolitical Tensions
Bitcoin (BTC) remains stable at around $105,000 after the Federal Reserve held interest rates steady. It has not dipped below $100,000 for 42 days, despite ongoing geopolitical tensions in the Middle East.
Key points:
- The Fed revised GDP growth expectations down to 1.4% from 1.7% for this year and indicated fewer rate cuts through 2027.
- The number of publicly traded companies holding BTC as a treasury asset has increased to 129, totaling 235 when including private entities.
- Brent crude oil prices rose to $77.45, impacting global energy and food prices.
Upcoming events:
- June 20: BlackCoin (BLK) activates SegWit on mainnet.
- June 25: ZIGChain (ZIG) mainnet launches.
- June 30: CME Group plans to introduce spot-quoted futures for BTC and ETH, pending regulatory approval.
Market movements:
- BTC up 0.16% to $105,032.28 in the last 24 hours.
- ETH up 0.4% to $2,540.03.
- Open interest across major derivatives venues is currently $55.3 billion, down from a peak of $65.9 billion.
Funding rates have turned positive for BTC and ETH, indicating a shift in market sentiment. However, altcoins show fragmented signals with negative trends for some assets.
Crypto equities and ETF flows also exhibit notable movements, with significant daily net inflows into both BTC and ETH ETFs.
Overall, while Bitcoin remains range-bound, the current geopolitical landscape and regulatory developments will be critical to watch in the coming weeks.