Overview

• President Trump’s announcement of a complete ceasefire between Iran and Israel sent Bitcoin soaring from under $99,000 to above $106,000 in less than 24 hours.
• Institutional investors including MicroStrategy and The Blockchain Group accelerated Bitcoin purchases during the correction, with BlackRock’s spot Bitcoin ETFs adding over 11,600 BTC last week.
• The Federal Reserve maintained its benchmark interest rate at 4.25%–4.5% and removed a ‘reputational risk’ clause for banks engaging with digital assets, further legitimizing crypto participation.
• Crude oil prices fell more than 5% after tensions in the Strait of Hormuz eased on prospects of reduced military activity in the Gulf.
• Technical analysts view the dip below key support levels near $98,200 as a market bottom and forecast that Bitcoin could challenge new all-time highs in July.