$BTC Holds Above $107K as Markets Await Powell Speech This Week


$BTC has maintained its position above $107,000 as traders position for key macroeconomic releases.


The world's largest #cryptocurrency traded 1% higher at $108,423 while $ETH gained 2.8% to $2,499.


Markets recovered from the geopolitical conflict that briefly pushed $BTC below $100,000.


Federal Reserve Chair Jerome Powell will speak on Tuesday at the European Central Bank forum alongside governors from the U.K., South Korea and Japan.


#Trump criticized #Powell over the weekend for keeping rates "artificially high" despite the Fed chair's cautious stance on cuts.


Key labor data releases include May job openings and June nonfarm payrolls that could influence rate expectations.


Analysts note crypto fundamentals remain strong with policy tailwinds and mainstream adoption driving momentum.


Dollar weakness and tariff negotiations ahead of the July 8 deadline add to market uncertainty.


The Crypto Fear and Greed Index sits at 52, indicating neutral sentiment, but it could shift with major macro developments.

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June 30, 2025 at 10:42 AM
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