Bitcoin Bulls Charge Past $108,000: Fed & Tariffs in Focus

Bitcoin is rebounding after last week's dip below $100K, now trading near $108.6K and could be attempting all-time highs, fueled by optimism following the recent ceasefire. However, market sentiment remains cautious as investors await clarity from the Federal Reserve’s July meeting, with only an 18.6% chance of a 25bp rate cut according to CME FedWatch, and uncertainty lingers over President Trump’s stance on extending the current tariff pause, despite his indication that an extension is possible.