$BTC Surges Past $107K as Global Situation Eases Market Tensions


$BTC reclaimed the $107,000 level on Wednesday following news of a tentative ceasefire.


The #cryptocurrency had dropped below $100,000 over the weekend as tensions escalated in the Middle East.


Total #crypto market cap rebounded to $3.4 trillion as geopolitical fears subsided across digital assets.


$ETH and $SOL posted modest gains while the GMCI 30 Index reflected the broader market recovery.


U.S. spot $BTC #ETFs attracted $588.5 million in inflows on June 24, with #Ether funds drawing an additional $71 million.


Federal Reserve Chair Jerome Powell maintained his cautious stance on interest rate cuts during congressional testimony.


Japan's Metaplanet raised $514 million through stock issuance specifically for its $BTC accumulation strategy.


Arizona, Ohio, and Texas advanced legislation toward establishing state-level $BTC reserves.


Institutional demand continues driving price action despite the absence of Fed policy support.

image
June 25, 2025 at 5:07 PM
1