Written by: KKK
On the morning of June 24, as Trump announced Iran's complete agreement to a comprehensive ceasefire, the secondary cryptocurrency market rebounded after last night's fear of escalating war. BTC briefly fell below 100,000 USD but then rose above the 106,000 USD mark, with many altcoins attempting to recover. Influenced by the situation in the Middle East, BTC has been on a continuous decline for nearly a week, hitting a low of 98,200 USD yesterday, and quickly rebounding to 106,075 USD today, with an increase of over 8.02% during this period.
The Fed's dovish tone reappears, with Fed Governor Bowman stating her support for a rate cut as early as July. Since the tariffs imposed by Trump on April 2, there has been a lack of obvious inflationary pressure, which may allow the Fed to cut rates again.
Due to the positive news of the official ceasefire between Iran and Israel, the cryptocurrency market has experienced a significant rebound, with market capitalization rising from its low point.