Hope for a Ceasefire and Interest Rate Cut Pushes Bitcoin to $106,000
Bitcoin rose to $106,000 again following the ceasefire declared in the Middle East. BTC, which fell below $98,500 on Sunday to its lowest level in 45 days, showed that institutional investor demand remains strong despite increasing geopolitical uncertainties. Although the 8% drop in hashrate increased concerns about mining activities in Iran, experts say that such fluctuations are usually due to temporary power outages.
Expectations that the Fed may cut interest rates also played a role in the market recovery. According to FedWatch data, the probability of interest rates falling to 3.75% or below in November increased to 53%. This is an important development that supports the appetite for risky assets like Bitcoin. However, analysts emphasize that relying solely on geopolitical recovery may not be enough for BTC to surpass $110,000.
Trump Media’s Stock Buyback Won’t Affect Bitcoin Plans
Trump Media announced that the $400 million stock buyback program will not change its $2.3 billion Bitcoin investment strategy. The company will continue with its plan to create a BTC treasury with this fund and advance its spot Bitcoin ETF application. The SEC approved the registration statement required for this investment under Trump-appointed chairman Paul Atkins.
The Trump administration also aims to collect digital assets nationally by establishing a “Strategic Bitcoin Reserve.” However, these moves have been criticized by some lawmakers, especially Senator Adam Schiff, on the grounds of conflict of interest. The newly proposed bill aims to ban the president and his family from participating in digital asset projects.
Fed Removes Reputational Risk from Supervision
The US Federal Reserve (Fed) announced on June 23 that it has removed “reputational risk” from its banking supervisory framework. This move follows similar moves by the FDIC and OCC, and prevents banks from being blocked solely because of their relationships with crypto companies. In the new guidance, supervisors will now only consider tangible factors such as legal, liquidity and credit risks.
Fed Chair Jerome Powell has previously stated that they are not against banks offering crypto services within the legal framework. Powell called on Congress for stablecoin regulations, emphasizing that banks will be supported to interact with digital assets with sound risk management. With this change, regulators aim to pave the way for controlled innovation.
Fiserv Launches Stablecoin on Solana
Fortune 500 company Fiserv will launch a new stablecoin, FIUSD, on the Solana network by the end of 202. Developed using Paxos and Circle infrastructure, FIUSD is promoted as a “programmable coin” that can be traded 24/7. The move aims to integrate Fiserv’s existing payment network of 10,000 banks and 6 million merchants with digital assets. The company is also exploring other products such as deposit tokens.
This development comes at a time when the US Congress is focusing on stablecoin regulation in line with the pro-crypto stance of the Donald Trump administration. The GENIUS Act, which passed the Senate last week, requires a 1-to-1 cash/bond collateral, regular audits, and AML checks. While Trump supports the bill, giants like Amazon and Walmart are also making plans for stablecoins. Partnering with partners like Circle, which will comply with MiCA regulations in Europe, could also benefit Fiserv’s global expansion plans.
Strategy Buys Another 245 Bitcoins
Strategy, run by Michael Saylor, bought another 245 BTC in the week ending June 22, bringing its total holdings to 592,345 BTC. The $26 million purchase was funded through the sale of preferred stock tickers STRK and STRF.
The company’s average cost per Bitcoin rose to $70,681. That’s about $18 billion of unrealized gains from the current price of around $101,000. This latest move suggests that Strategy is continuing its aggressive Bitcoin accumulation strategy; MSTR shares fell 2.1% in parallel with Bitcoin’s decline following the weekend attacks on Iran.
Kazakhstan Launches New Solana-Based Financial Zone
In line with its digital economy goals, Kazakhstan has announced the first Solana Economic Zone in Central Asia in collaboration with the Solana Foundation. The zone includes a number of innovations, including testing blockchain projects, integrating tokenized financial assets, and developer training. The country also plans to launch a pilot project to integrate digital assets into capital markets, led by the Astana International Exchange.
With the new zone, Kazakhstan aims to attract global blockchain firms and increase local Web3 expertise with Rust-focused developer programs. Inspired by Dubai’s successful models, this strategic step stands out as part of the vision to carry the country to regional leadership in digital finance.
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BITCOIN (BTC)
BTC is trading at $ 105,448 as of the morning hours with a 0.15% increase in value. It is seen that the price has re-joined the rising trend line. If the upward movement continues, the $ 105,984 and $ 107,827 levels can be followed as resistance. In downward movements, the first support point will be the $ 103,502 level, while below this level, $ 101,411 and $ 97,802 levels stand out as other support areas.
ETHEREUM(ETH)
ETH is priced at $ 2,416 as of the morning hours with a 0.20% gain in value. If the upward movement continues, the $ 2,466 and $ 2,590 levels stand out as resistance. In a possible downward movement, $ 2,392 is the first support level. Below this level, the $ 2,285 region can be followed as strong support.
RIPPLE(XRP)
XRP is priced at $ 2.18 with a 1.38% gain as of the morning hours. In the technical view, the price seems to have gained strength with the break of the $ 2.0865 – $ 2.1304 area. In the continuation of the upward movement, the $ 2.2122 and $ 2.2737 levels will stand out as resistance, while the $ 2.1304 and $ 2.0865 levels may serve as support again in possible pullbacks.
AVALANCHE(AVAX)
AVAX is traded at $ 18.37 levels with a 1.72% gain as of the morning hours. It is seen that the downward trend has broken upwards and the price exceeded the $ 17.61 resistance and tested the $ 18.72 level. If it persists above this level, the $ 19.86 and $ 21.52 levels can be followed as resistance. In pullbacks, $ 17.61 and $ 16.44 levels are at support.
SOLANA(SOL)
SOL is traded at $ 145.60 levels with a 0.75% increase in value as of the morning hours. It is seen that the price has risen above the $ 141.80 resistance with the last upward movement and is approaching the $ 149.10 level. If this level is exceeded, the $ 157.75 and $ 164.12 levels can be followed as the next resistance zones. On the other hand, in a possible pullback, the $ 141.80 and $ 134.83 levels stand out as the first support points, while in a deeper correction, the $ 124.27 level can be considered as a strong support zone.
