CoinEx News: Federal Reserve Chair Jerome Powell struck a dovish tone in his latest remarks, signaling that the central bank can afford to remain patient on policy adjustments as energy-driven inflation shocks are typically transitory and inflation expectations remain well-anchored. The comments prompted markets to rapidly unwind expectations for rate hikes this year, with interest rate futures instead pricing in the possibility of rate cuts. Shortly thereafter, President Trump also de-escalated geopolitical tensions by expressing willingness to end U.S. military operations against Iran, even as the Strait of Hormuz remains disrupted.

Bitcoin surged in tandem, briefly breaking above $68,000. On-chain data indicates that the $65,000-$70,000 range remains a significant accumulation zone for holders, suggesting that BTC price action may continue to consolidate within this band in the near term.