Middle East ceasefire, Powell does not rule out possibility of rate cut, BTC remains stable at 105K

As the ceasefire protocol between Israel and Iran seems to hold, and The Federal Reserve (FED) Chairman Powell made balanced comments on the prospect of interest rate cuts, the US stock market continued its rise on Tuesday, approaching historical highs. BTC remained stable at 105K, reclaiming its dominant position in the encryption market to 62%. EthercoinSpot ETF's cumulative net inflows surpassed $4 billion, marking an important milestone in the year since the launch of EthereumSpot ETF.

The Federal Reserve (FED) is not in a hurry to cut interest rates, nor does it rule out all possibilities

Yesterday, Chairman Powell of The Federal Reserve (FED) reiterated his view in his testimony before the House Financial Services Committee that policymakers do not need to rush to adjust policies, which contradicts recent statements by Fed Governors Christopher Waller and Michelle Bowman, suggesting that the two may cut interest rates as early as July.

"If inflationary pressures are indeed under control, then we will lower interest rates as soon as possible," Powell told lawmakers in response to questions about the possibility of a rate cut in July. "But I don't want to specifically point out which meeting. I think we don't need to rush because the economy is still strong."

However, he did not rule out other possibilities. Powell said that if inflation is lower than expected or the labor market deteriorates, The Federal Reserve (FED) may cut interest rates earlier. Similarly, higher-than-expected inflation may also prompt The Federal Reserve (FED) to keep interest rates unchanged.

Powell acknowledged that recent economic data supported rate cuts. However, he emphasized that these data are retrospective, and many economists expect 'significant increases' in inflation this year due to the impact of tariffs. The Federal Reserve (FED) cannot turn a blind eye to this.

The coin market has fully digested the expectation of two rate cuts by The Federal Reserve (FED) by the end of 2025, with a much higher probability of the first cut in September than in July.

BTC holds steady at 105K, dominant position rebounds to 62%

BTC remains steady above 105K, Ethercoin also holding above $2,400, crypto market sentiment back to a neutral level of 47.

BTC dominance (BTC's market cap relative to the total market cap of all encryption assets is ) Rebound to 62%, indicating that capital flow continues to favor BTC over smaller digital assets, which may delay the start of altcoin Rebound.

EthercoinSpot ETF cumulative net inflows exceeded 4 billion US dollars, with total net assets reaching 92.9 billion US dollars, accounting for 3.28% of Ethereum's market value. This is also an important milestone for EthereumSpot ETF since its listing a year ago.

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