BTC increased by 1.7% to $107,500, but the total crypto market capitalization fell by 1%. The market held steady on Wednesday following two days of gains due to eased tensions in the Middle East. BTC rose to $107,500, ETH stayed at $2,420, XRP increased to $2.20, and Solana remained at $145. The crypto market's total capitalization decreased by 1% to around $3.42 billion. BTC liquidations reached $73 million, with ETH at $62 million and altcoins at $19 million.
US Spot Bitcoin Traded Funds saw $588 million in entries on June 24, the highest in over a month, while Spot ETH ETF reported $71 million in entries. Market experts attribute the current market movement to a cautious approach ahead of the Federal Reserve's decisions. Fed President Jerome Powell's recent testimony highlighted continued uncertainty in rate policy, influencing market behavior. Geopolitical tensions from conflicts involving Iran, Israel, and the US also impact investor sentiment.
https://altcoin.observer/crypto-rally-stops-as-the-president-of-the-fed-powell-reports-caution/
6,140
Lunam Points