Bitcoin (BTC) has stabilized above the $105,000 threshold following a ceasefire agreement in the Middle East, which eased risk-off sentiment across financial markets. The reduced geopolitical tensions supported recoveries in both cryptocurrency and traditional asset classes.
Institutional investment flows into Bitcoin remained robust despite recent uncertainties, with spot Bitcoin exchange-traded funds (ETFs) continuing to attract significant capital. This sustained institutional participation underscores confidence in Bitcoin’s long-term value proposition.
Market sentiment received additional support from signals by the Federal Reserve Vice Chair, who indicated potential interest rate cuts as early as July pending economic data confirmation. The prospect of reduced borrowing costs has boosted liquidity expectations and risk appetite among investors.
Technical analysts have identified $103,000 as a critical support level for Bitcoin, characterizing it as a strategic entry point for buyers. This technical reinforcement aligns with prevailing bullish market sentiment.
The convergence of monetary policy easing signals and Bitcoin’s technical recovery may further stimulate liquidity across risk assets, potentially benefiting the broader cryptocurrency sector.