CoinEx Daily: Bitcoin Holds Gains on Fed Cut Hopes and Easing Geopolitical Tension

Daily View

Bitcoin held above $74,000 after briefly testing the $76,000 area, marking its highest levels since the February washout, while broader majors like SOL, ADA, and DOGE saw a modest pullback. Macro tone improved on reports that the Fed could still cut rates later this year and easing geopolitical concerns around Iran, though funding rates across major venues remain heavily bearish, suggesting positioning is still cautious and the recent rally may be squeezing shorts rather than reflecting full risk-on conviction. Ethereum is a key focus today, with traders watching a potential weekly MACD golden cross, fresh institutional and infrastructure signals including Societe Generale’s dollar stablecoin launch via MetaMask and validator participation from Stripe, Visa, and Zodia Custody, alongside new Ethereum Foundation security incentives.