Crypto Daybook Americas: Bitcoin Stays Steady While Derivatives Signal Caution

Key Takeaways

You are currently reading the Crypto Daybook Americas, your morning update on recent cryptocurrency market activities and expectations for the upcoming day.

Here’s what’s happening:

Bitcoin (BTC) remains around $105,000 following the Federal Reserve’s decision to keep interest rates on hold. It has not dipped below the significant $100,000 mark since May 8, despite ongoing geopolitical tensions due to the Israel-Iran conflict.

The Fed has lowered its GDP growth forecast for 2025 to 1.4% and has indicated fewer expected rate cuts through 2027.

Geopolitical developments continue to escalate, with Israel’s military actions against Iran and rising oil prices adding stress to global economic stability.

What to Monitor

Crypto Events:
- June 20: BlackCoin (BLK) activates SegWit on mainnet.
- June 30: CME Group introduces spot-quoted futures for Bitcoin.

Market Update

BTC has risen 0.16% recently.
ETH follows with a rise of 0.4%.
Overall, market indications suggest a need for vigilance as both derivatives and crypto prices exhibit significant activity.