Bitcoin Holds Steady Amid Middle East Tensions and…
From Financial Modeling Prep: 2025-06-19 11:04:00
Bitcoin remained in a narrow trading range, edging up to $104,900 amid geopolitical uncertainty and Fed comments. Over the week, it fluctuated between $103,000 and $108,000, balancing safe-haven buying and risk-off pressures. The potential for U.S. strikes on Iran could further boost Bitcoin and gold as safe assets.
The Federal Reserve’s steady tone at its latest meeting, keeping rates unchanged and trimming its rate-cut outlook, added to headwinds for Bitcoin. The removal of explicit guidance on future cuts limited upside for all risk assets. Regulatory progress with the GENIUS Act, creating a stablecoin framework, sparked gains in crypto-native equities.
Geopolitical developments regarding potential U.S. strikes on Iran could trigger a Bitcoin rally. Fed officials’ comments on rate trajectories will be crucial for crypto sentiment. Movement on the GENIUS Act in the House could provide a boost to stablecoins and Bitcoin. Investors should stay updated on live prices, Fed announcements, and regulatory changes to navigate Bitcoin’s trading range effectively.
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