According to @KobeissiLetter, the U.S. Federal Reserve has held its benchmark interest rates steady in the 4.25%-4.50% range, while signaling weaker economic growth and higher inflation projections for the year. The Fed's updated dot plot still indicates 50 basis points of rate cuts in 2024, but projects fewer cuts in subsequent years. The crypto market reacted with increased volatility; after an initial muted response, Bitcoin (BTC) fell over 2.5% to below $106,000 before recovering to trade near $107,000 (BTCUSD). The downturn was more severe for altcoins, as Ethereum (ETH), Solana (SOL), and XRP (XRP) experienced drops of 5%-7%. The source attributes the selloff in risk assets to rising geopolitical tensions. However, recent softer inflation data (PPI) and rising jobless claims could potentially force the Fed into a more dovish monetary policy, which may create a tailwind for cryptocurrencies.

According to @KobeissiLetter, the U.S. Federal Reserve's decision to hold benchmark interest rates steady was accompanied by a hawkish shift in its economic projections, signaling fewer rate cuts in the coming years and higher inflation forecasts. The source indicates this outlook, compounded by geopolitical tensions related to trade and Iran, contributed to a significant selloff across the cryptocurrency market. Bitcoin (BTC) experienced a slump, while altcoins like Ether (ETH), Solana (SOL), XRP (XRP), and Dogecoin (DOGE) faced steeper declines of 5-7%, according to the report. Despite the immediate bearish pressure, the source also highlights weakening economic data, such as a softer Producer Price Index and rising jobless claims, which could potentially force the Fed to adopt a more dovish stance in the future.

According to @FoxNews, Bitcoin (BTC) experienced significant volatility, initially rising after President Trump's social media post suggested massive economic growth would offset fiscal deficits. The statement, posted on Truth Social on June 29, 2025, bolstered the case for BTC and gold as inflation hedges, with crypto analyst Will Clemente noting such fiscal policy makes holding US Treasuries less attractive. This sentiment pushed BTC into a trading range between $107,194 and $108,489. However, the market later reversed, with BTC sliding over 2.5% to below $106,000 amid broader risk-off sentiment. The downturn was attributed to renewed tariff threats from President Trump and heightened geopolitical fears of a potential conflict between Israel and Iran. The selloff was more severe in altcoins, with Ether (ETH), Solana (SOL), XRP, and Dogecoin (DOGE) falling between 5% and 7%. Despite the slump, the source notes that weakening U.S. economic data, such as a softer Producer Price Index and rising jobless claims, could eventually pressure the Federal Reserve into a more dovish stance, potentially benefiting cryptocurrencies.

According to @FoxNews, the cryptocurrency market experienced a broad selloff, with Bitcoin (BTC) falling over 2.5% to below $105,900, while major altcoins such as Ether (ETH), Solana (SOL), and Dogecoin (DOGE) suffered steeper losses of 5% to 7%. The report attributes this risk-off sentiment to renewed US tariff threats and heightened geopolitical tensions in the Middle East. Despite this, a strong auction for 10-year U.S. Treasury notes reportedly challenged the narrative of investors flocking from government debt to Bitcoin. On a potentially bullish note for crypto, weak economic data, including a softer-than-expected Producer Price Index and elevated jobless claims, may pressure the U.S. Federal Reserve to adopt a more dovish monetary policy, which could benefit risk assets like cryptocurrencies.

According to @FoxNews, former U.S. President Donald Trump, speaking at Coinbase's State of Crypto Summit, pledged his administration would work to create "clear and simple market frameworks" for the crypto industry and support stablecoin legislation. Despite these pro-crypto statements, the digital asset market experienced a significant downturn. Bitcoin (BTC) price fell over 2.5% to approximately $105,900, while major altcoins such as Ether (ETH), Solana (SOL), XRP (XRP), and Dogecoin (DOGE) recorded steeper losses of 5% to 7%. The selloff is attributed to broader risk-off sentiment fueled by Trump's threats of renewed trade tariffs and escalating geopolitical fears of a potential conflict between Israel and Iran. This market dip occurred even as weak U.S. economic data, including softer producer prices and higher jobless claims, hinted at potential future interest rate cuts by the Federal Reserve.

According to Crypto Rover, the recent Bitcoin exit pump has concluded, signaling the end of the current bull market and raising the risk of a substantial price correction ahead (source: Crypto Rover via Twitter, May 10, 2025). For traders, this suggests heightened volatility and the potential for sharp declines in Bitcoin and related crypto assets. Monitoring liquidity levels, support zones, and derivative positions is crucial as market sentiment shifts toward bearish momentum. This development also impacts altcoin performance, as a Bitcoin crash typically triggers broader selloffs across the cryptocurrency market.