On June 27, 2025, Bitcoin's price remained largely stable at under $107,000 after a significant options expiry, reflecting reduced volatility as measured by Deribit’s BTC Volatility Index, which fell to its lowest level since late 2023. Traders seem confident in Bitcoin's role as a macro hedge. Geopolitical tensions in the Israel-Iran conflict have eased temporarily, but investors are keenly awaiting the U.S. Personal Consumption Expenditures (PCE) report, a key indicator for the Federal Reserve's monetary policy direction. While the cease-fire has calmed markets somewhat, renewed tensions globally could sway investor sentiment. The equity markets have seen a resurgence, particularly in Asia, reflecting optimism due to improved U.S.-China relations. Analysts highlight that the upcoming PCE data will likely influence short-term cryptocurrency trends, with expectations that a positive outcome could trigger a rally in crypto assets. Additionally, several governance votes and token unlocks are forthcoming, which may impact market dynamics.

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