4E: Bitcoin's high volatility, risk aversion and Fed hawkish signals suppress the market

On June 19, as of 14:00 on June 19, 2025 (UTC + 8), Bitcoin was reported at $105,124, with limited volatility in the past 48 hours, remaining between $103,000 and $108,000. The market continues to wait and see the situation in the Middle East. Bloomberg quoted news that the United States may be preparing to intervene in the conflict between Israel and Iran, triggering a rise in risk aversion and a slight pressure on crypto assets.
At the same time, the Federal Reserve kept interest rates unchanged in its latest policy statement and lowered its expectations for a rate cut in 2026. Chairperson Powell emphasized that he would adhere to the "data orientation" and remain cautious about short-term easing expectations. The market generally interpreted the hawkish stance. Affected by this, risk assets came under pressure, gold rose, and the crypto market followed the correction.
Ethereum reported $2,525, down about 0.5% in 48 hours; Cardano and Solana both fell more than 2.5%, and meme coins such as Dogecoin and $TRUMP fell simultaneously. The overall market risk appetite fell, and trading volume contracted.
In terms of policy, Trump issued a document in support of the stablecoin regulation bill GENIUS and urged the House of Representatives to pass it as soon as possible. Although the relevant news has boosted crypto stocks such as Circle, the overall market sentiment remains conservative. 4E reminds that the current crypto market is at the intersection of macro uncertainty and regulatory transition, and short-term trends are still dominated by policy and geopolitical risks. Investors should pay attention to risks and deal with market fluctuations cautiously.