Key Insights:

• Bitcoin is nearing the $85,000 mark as positive market sentiment grows alongside easing trade tensions. The CoinDesk 20 Index noted a 1.2% increase driven by SOL and AVAX.
• Federal Reserve Governor Christopher Waller pointed out that if tariffs are reinstated, it could lead to necessitated rate cuts. Meanwhile, the European Union has postponed retaliatory tariffs on U.S. goods until mid-July to facilitate negotiations.
• Analysts from Swissblock are optimistic about Bitcoin’s fundamental recovery, citing increased liquidity and network strength.

Bitcoin has shown a gentle upward trend as market sentiment shifts favorably towards trade developments.

Latest Prices:

• Bitcoin (BTC): $85,159.70
• Ethereum (ETH): $1,631.93
• Overall, cryptocurrencies are experiencing a positive turn, with Bitcoin rising 1.6% in the last 24 hours.

“[Tariff] effects on output and employment could be longer-lasting and an important factor in determining the appropriate stance of monetary policy,” Waller stated during a speech. [Translation: The effects of tariffs on productivity and jobs may last longer, significantly influencing monetary policy decisions.]

The broader stock market also saw an increase, with the Nasdaq gaining 0.6% and the S&P 500 up by 0.8%. Companies like Strategy (MSTR) and MARA Holdings achieved approximately 3% gains each, reflecting a thriving economic sentiment amid trade discussion narratives.

“Since March, we’ve seen a consistent inflow of new participants,” Swissblock analysts conveyed. [Translation: Since March, there’s been a steady addition of new users in the market.]

The overall market health appears to be stabilizing, suggesting that Bitcoin’s price may continue its upward trajectory.