According to Francisco Rodrigues, bitcoin (BTC) rose to near $107,000, gaining 1.7% in 24 hours, as a U.S.-brokered ceasefire between Iran and Israel eased oil supply fears and boosted risk assets globally. Susannah Streeter of Hargreaves Lansdown cautioned that doubts over the truce's stability could renew market volatility. Federal Reserve Chair Jerome Powell emphasized a patient approach to rate cuts due to persistent inflation and tariff risks, which Bitunix analysts noted supports risk assets like crypto but requires monitoring of upcoming inflation data. Derivatives traders, including Jake O from Wintermute, expect BTC to range between $100,000 and $105,000 ahead of the June expiry, with bullish call options targeting $108,000 and $112,000.

According to James Van Straten, Bitcoin BTC is trading steadily around $105,000 despite the Federal Reserve holding interest rates unchanged and escalating Middle East conflicts, with support from corporate treasury accumulation now involving 235 entities. However, Velo data shows derivatives open interest at $55.3 billion, down from recent highs, and Deribit options flows indicate a BTC put/call ratio of 1.13, signaling trader caution. Coinglass liquidation maps highlight elevated unwinding risks near the $103K-$106K price range.

According to Crypto Rover, the US10Y bond yields are surging, which could influence Federal Reserve's interest rate policies. Traders should closely monitor how this impacts Bitcoin and other cryptocurrencies, as changes in rates can affect liquidity and market dynamics.