Wintermute stated in its latest report that Bitcoin and Ethereum are edging toward the lower end of their recent price ranges due to the combined impact of the Federal Reserve's hawkish stance and geopolitical news (such as the US-Iran agreement). The report pointed out that the overall backdrop of the crypto market is deteriorating, correlations between tokens are increasing, and as summer approaches, liquidity is gradually weakening, with no signs of new institutional buying in ETF fund flows. Wintermute emphasized that if the current downward pressure persists, $59,000 will be a key support level and bear market low to watch for BTC. The market for the remainder of this week will be shaped by three major catalysts: the follow-up developments of the US-Iran peace agreement, Thursday's release of PCE inflation data, and the quarterly options expiry at the end of the month. (CoinDesk) https://www.(wublock123.com)/news/news-63379