Bitcoin points to USD $ 105,000 prior to FED meeting and in full Israel-Iran combat

By Hannah Pérez

Bitcoin is finding some support around USD $ 104,000 while the market closely observes the confrontation in the Middle East, Trump’s response and the expected decision of fees in the United States.

***

• After temporary rebound, Bitcoin finds some support around USD $ 104,000.
• The markets closely observe the evolution of the war conflict in the Middle East.
• Bitcoin emerged over USD $ 105,000 after Trump said Iran is looking to talk.
• The decision of the Federal Reserve of the United States. UU. It has the market in suspense.

---

Bitcoin (BTC) reviewed the USD $ 105,000 level in the middle of an upward movement on Wednesday, just before an expected meeting of the Federal Reserve (Fed) in the United States already measure that the attacks between Israel and Iran extend for the sixth consecutive day.

The oldest and most large cryptocurrencies in the world backed on Tuesday momentarily below the USD $ 104,000, risking its streak now more than 40 days established on the price threshold of price of $ 100,000.

The broader cryptocurrency market has faced high volatility, with primarily bassist inclinations, since the tensions between Israel and Iran escalated to an open military conflict last Friday, June 13. Both nations of the Middle East have been launching missiles feeding nervousness in international markets and concerns.

On the sixth day of clashes, Israel launched a new wave of air attacks in Tehran and Iran responded with a swarm of drones and a small missile barrada to Israel.

Meanwhile, the president of the United States, Donald Trump, demanded the “unconditional surrender “ of Iran, stating that the US has “Ciece control” And threatening with “irreparable damage “ If Iran attacks US interests.

Iranian supreme leader, Ali Jamenei, rejected surrender while an official of his government warned that Any intervention by the United States in the conflict with Israel would run the risk of “total war”

Iran has insisted not negotiating under pressure, although it seemed open to diplomacy. Trump said the Iranians had sought dialogue, and even suggested sending a delegation for conversations at the White House. Trump sent mixed signals about whether or not it was late to talk, and left open the possibility of not intervening militarily. “I could do it, I might not do it“

Markets attentive to the FomC rate decision

Trump’s statements about Iran’s intention seemed to provide some relief to markets, since Bitcoin It emerged modestly towards a daily stop of USD $ 105,580 after the comments were known.

Beyond the confrontations in the Middle East, the markets have their attention on a scheduled meeting of the Federal Open Market Committee (FOMC) of the Fed this Wednesday.

The policy formulators of the Central Bank of the United States will decide this afternoon the next steps in monetary policy. The Fed is expected to maintain interest rates without change, waiting for additional data on the state of the economy.

President Trump renewed his calls to a cut of interest rates on Wednesday morning, calling the president of the Federal Reserve, Jerome Powell, “A stupid person“The insults echo other signs and threats that Trump has been doing to Powell as he insists on the need to lower reference rates.

Fed officials are browsing a complex environment, with energy prices going up when economists fear Trump’s tariffs can stimulate inflation, and Iran-Israel war adding new layers of macro uncertainty.

Bitcoin finds support at USD $ 104,000

BTC changes hands around USD $ 104,500 at the time of writing these lines, a 0.91% variation up in the last 24 hours, according to Coinmarketcap. Its price is 6.6% lower compared to its historical record close to USD $ 112,000 conquered last month. The total capitalization of the cryptocurrency market is 0.12% higher today.

Despite the agitation, the market of Bitcoin It shows certain signs of strength. The funds quoted in the stock exchange (ETF) in cash of Bitcoin In the US, they marked their 7th consecutive session of net capital tickets on Tuesday, which suggests that the appetite between institutional investors remains despite the complex geopolitical panorama.

It is possible that volatility imperates within the immediate period as Fed makes a specific decision on monetary policy and according to political events in the Middle East and the rest of the world.

---

Hannah Estefanía Pérez / Diariobitcoin

Image of Unspash

WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.