Bitcoin surged to $63,000 on Juneteenth but struggled to recover from local lows following a hawkish Federal Reserve meeting and escalating tensions over Iran's control of the Strait of Hormuz, according to CoinTelegraph. These factors have created a challenging environment for crypto markets despite Bitcoin's notable rally.
Meanwhile, Nordea analysts told FX Street that the US Dollar is expected to remain supported in the coming months, buoyed by the Federal Reserve’s firm stance and strong US economic data. This sustained dollar strength is influencing other asset classes, including precious metals.
Silver prices have fallen for a third consecutive day, trading around $64.85 and down 1.31% on the day, pressured by reassessments of US monetary policy and ongoing Middle East developments, FX Street reported. For Japanese investors, monitoring the interplay between US policy and geopolitical risks remains crucial as it impacts FX rates and commodity-linked portfolios.