PANews reported on June 27 that the latest weekly report from Matrixport pointed out that after the FOMC meeting on June 18, 2025, the Federal Reserve shifted from hawkish to dovish, with multiple board members expressing relaxed views. Powell also appeared more moderate during the congressional hearing. The market expects a low probability of a rate cut in July, but signals of policy adjustment in September may be released in advance.
Inflation has dropped to 2.38%, close to the Federal Reserve's 2% target, and the unemployment rate has remained at 4.2% for 12 consecutive months. Despite the unrealized tariff inflation risk, market expectations of the Federal Reserve turning dovish continue to strengthen.
Earlier this week, after the U.S. military's airstrike on Iran, Bitcoin once explored down to the 21-week moving average ($98,532), which is a key technical support level. If the price returns above the moving average, Bitcoin may benefit from the Federal Reserve's dovish tone, and further upward movement is expected if rate cut signals become clear.
Additionally, stablecoin fund inflows remain intermittent, with Tether minting approximately $12 million, while Circle has almost stopped issuing. The synchronized volume expansion of stablecoins and broader liquidity is crucial for the crypto market's upward trend. Currently, traders are still focused on Bitcoin, which significantly outperforms other crypto assets.
