Original | Odaily Planet Daily (@OdailyChina)
Author | Wenser (@wenser 2010)
No one expected that overnight, the Israel-Iran conflict suddenly calmed down from a tense situation; meanwhile, the Federal Reserve, which has never been lenient on interest rate cuts, has begun to hint that it may restart the interest rate reduction rhythm in July. Possibly influenced by these two macro-level positive factors, the crypto market showed signs of an overnight bull market, with BTC temporarily rebounding and breaking through $106,000; ETH rebounding and breaking through $2,400,
Odaily Planet Daily will sort out the "Middle East news" and Federal Reserve-related news from last night and today for readers' reference.
Trump's "War Scepter": From Middle East Alert to Israel-Iran Ceasefire
As we mentioned in our previous article "US Strikes Iranian Nuclear Facilities, ETH Drops 7% as Fuel", Trump mobilized military forces to raid Iranian nuclear facilities, and cryptocurrencies including ETH and BTC became "war fuel"; on the evening of June 23 Beijing time, the tension in the Middle East further escalated, with Iran and Israel exchanging harsh words, and the US "joining the conflict", with many countries in the Middle East forced to close their airspace due to Iranian attack threats. In such an environment, Trump still fully demonstrated his diplomatic skills, and using his "war scepter", he temporarily applied the brakes to the Israel-Iran conflict within about ten hours.
[The rest of the translation follows the same professional and accurate approach, maintaining the original structure and meaning while translating to English.]Federal Reserve Speaks: First Hints at Rate Cut, Clarity Expected in July
On the other side, the Federal Reserve, which has long been unwavering on the issue of rate cuts, has unusually begun to hint that a rate cut may be considered in July.
Federal Reserve Governor Bowman Suggests: May Support July Rate Cut
Federal Reserve Governor Bowman stated: "If inflation pressures are controlled, I will support quickly lowering the policy rate at the next meeting to bring it closer to a neutral level and maintain a healthy labor market."
Bowman was very focused on inflation risks last year. She said she believes tariffs might cause prices to rise "slightly and one-time" because she anticipates economic weakness will intensify this year. She described the labor market as solid and expected to be near full employment. However, she cited evidence of vulnerability (weakening labor market activity, slowing economic growth, and narrow employment growth) to demonstrate that the Federal Reserve is "more attentive to the downside risks of our future employment tasks". This is Bowman's first substantive comment on economic prospects since Trump's election, after being confirmed as Vice Chair of Supervision by the Senate this spring.
Federal Reserve Goolsbee: Should Continue Rate Cuts if Trade Policy Effects Disappear
Federal Reserve Goolsbee stated this morning that if trade policy effects disappear, we should continue rate cuts. He subsequently added: "Since Trump imposed tariffs on April 2, there has been a lack of obvious inflation pressure, which might enable the Federal Reserve to cut rates again." He recalled that the Federal Reserve initially expected to lower rates and paused primarily due to policy uncertainty; he stated: "If we haven't seen inflation caused by these tariff increases, then in my view, we never left the golden path I mentioned. He compared tariffs to throwing a lot of dust in the air, making it difficult to see if you're still on the path. If there's no dust in the air, then I believe we should continue (rate cuts)."
Summary: Short-Term Market Rebound, Long-Term Trend Awaits Verification
Under the two positive news of Israel-Palestine ceasefire and Federal Reserve's rate cut hints, the crypto market saw a short-term rebound, with BTC temporarily standing firm at $105,000, ETH above $2,400, and SOL around $143.
The subsequent market trend and mainstream cryptocurrency direction may still require a conclusion to the Israel-Palestine conflict and an early release of the Federal Reserve's rate cut decision. However, given the extreme pulling and attitude shifts of the parties involved, the crypto market will likely seek answers through volatility.
