From Financial Modeling Prep: 2025-06-16 13:27:00

Bitcoin rebounded on Monday to $106,581.8 after weekend losses, driven by Israel-Iran conflict impacting global risk appetite. Broader crypto markets followed suit, but geopolitical tensions may keep sentiment fragile. Iran’s retaliatory strikes on Israel, coupled with U.S. President Trump’s comments, have escalated tensions and suspended nuclear talks, adding to market volatility.

The upcoming Federal Reserve policy meeting is another key driver for crypto this week. Chair Jerome Powell’s tone on interest rates will influence market direction. A dovish signal could support crypto, which thrives on lower rate expectations. Bitcoin’s role as a portfolio hedge in uncertain macro environments is attracting investors, reflected in its resilience.

Donald Trump’s $600 million earnings in 2024 from crypto projects, including World Liberty, have raised concerns about potential conflicts of interest. His involvement in crypto reflects a broader trend of mainstream acceptance, with institutional activity and political developments influencing price movements. Real-time updates on top-performing cryptocurrencies can be tracked using the Cryptocurrency Daily API.

In the market snapshot, Ether rose to $2,603.70, XRP to $2.1815, Cardano and Solana saw gains, while Dogecoin and $TRUMP also added value. Despite positive momentum, crypto markets remain rangebound due to uncertainty over geopolitical stability and monetary policy direction. Investors should stay tuned for updates on the Fed meeting and global events shaping the crypto landscape.



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