Bitcoin Rises Alongside US Stocks as Fed Holds Rates Steady
Bitcoin and US equities saw modest gains following the Federal Reserve's decision to maintain interest rates at 4.25%-4.5%. The S&P 500 edged up 0.1%, while the Dow Jones Industrial Average rose 237 points, driven by Disney's performance. However, the tech-heavy Nasdaq dipped 0.3%. Fed Chair Jerome Powell cautioned that sustained tariff increases could hinder economic growth and prolong inflation. As of June 28, 2025, the cryptocurrency market remains cautiously optimistic, with Bitcoin's price action reflecting broader market sentiment amid evolving macroeconomic conditions.
Bitcoin and US Stocks Edge Higher After Fed Holds Rates Steady
Bitcoin climbed alongside US equities as markets digested the Federal Reserve's decision to maintain interest rates at 4.25%-4.5%. The S&P 500 eked out a 0.1% gain amid choppy trading, while the Dow Jones Industrial Average advanced 237 points on Disney's strength. Tech-heavy Nasdaq bucked the trend with a 0.3% decline.
Fed Chair Jerome Powell warned that sustained tariff increases could dampen economic growth, prolong inflationary pressures, and weaken labor markets. The central bank's inaction reflects mounting concerns about competing risks to price stability and employment.
Bitcoin Nears Reserve Asset Status as Morgan Stanley Flags Market Cap Milestone
Bitcoin's $1.07 trillion market capitalization has pushed it into the realm of reserve asset consideration, according to Morgan Stanley. The bank notes that the cryptocurrency's scale now justifies potential inclusion in U.S. reserve holdings—a notion once dismissed as speculative.
Volatility remains the critical barrier. Price swings dwarf those of traditional reserve currencies like the dollar or euro, creating stability concerns despite Bitcoin's growth trajectory. The tension between institutional credibility and market turbulence defines this maturation phase.
Political momentum amplifies the development. Former President Trump's March executive order on cryptocurrency reserves signals governmental recognition, though the truncated report leaves questions about implementation specifics.
Strive Asset Management and Asset Entities Merge to Form First Public Bitcoin Treasury Company
Vivek Ramaswamy's Strive Asset Management has announced a merger with digital marketing firm Asset Entities, paving the way for the creation of the first publicly traded Bitcoin treasury company. The deal includes ambitious plans to raise $1 billion in capital for Bitcoin acquisitions, with a unique provision allowing BTC holders to exchange their coins for company stock.
Bitcoin surged 2% following the announcement, reclaiming the $97,000 level. The partnership signals growing institutional interest in cryptocurrency as a treasury asset, with Ramaswamy's political profile adding an unconventional dimension to the venture.
Bitcoin Nears $98K, Restores Investor Confidence Amid Market Rebound
Bitcoin surged past $97,900, reaching its highest level in over two months and turning losses into gains for millions of investors. Glassnode data highlights a renewed uptrend in the crypto market, dispelling weeks of volatility and uncertainty.
Over 3 million BTC holdings have flipped from red to green as Bitcoin's rally gains momentum. The coin now trades at $96,554.93, up 2.18% in the past 24 hours, according to CoinMarketCap. Skepticism among retail investors is fading as the market shows signs of stability.
On-chain metrics reveal a sharp decline in unrealized losses for short-term holders, signaling growing confidence. The rebound underscores Bitcoin's resilience amid shifting market sentiment.
South Korean Crypto Exchanges Fret Over Commission Fee Cap Fears
South Korean crypto exchanges are bracing for potential profit squeezes as presidential frontrunner Lee Jae-myung pledges to lower transaction fees. The policy proposal, coupled with a promise to approve bitcoin spot ETFs, responds to rival Kim Moon-soon's manifesto supporting institutional crypto investments.
Market participants fear fee caps could disrupt exchange revenue models, particularly for platforms handling BTC transactions. The political debate coincides with growing institutional interest, evidenced by proposals to allow sovereign wealth funds to invest in digital assets.
Bitcoin Network Activity Drops to Bear Market Levels Amid Institutional Inflows
Bitcoin's network activity has declined to levels typically seen during bear markets, with the Network Activity Index showing a sharp drop since December 2024. Transaction activity and daily active addresses have slowed, signaling reduced demand for block space. Similar patterns emerged during past downturns, such as the 2021 China ban, but current conditions may not necessarily indicate prolonged weakness.
Despite bearish signals, institutional inflows are providing a stabilizing force. Bitcoin briefly tested resistance NEAR $98,000, supported by growing whale activity and institutional confidence. At press time, BTC traded at $96,998.87, up 2.91% over 24 hours, though volatility persists.
