Macroeconomic concerns and profit-taking are slowing down crypto’s momentum, but a bull run may be in the works
Crypto markets are in recovery mode, but profit-taking and macroeconomic risks continue to weigh on sentiment. On Friday, June 27, Bitcoin (BTC) traded at $106,600, pulling back 1% over the past 24 hours. Altcoins saw similar performance, with the top 100 assets by market cap down about 1%.
Bitcoin and major altcoins have mostly recovered their losses following the initial crash sparked by the Iran-Israel conflict. With the geopolitical tensions easing, the market correction appears to have concluded, with most tokens now posting modest declines rather than steep selloffs.
Because of this, the recent strength in price action suggests that markets are normalizing. However, further bullish momentum will likely depend on key catalysts, especially in the regulatory and macroeconomic spheres.
Rate cuts, regulation to fuel next crypto bull run
Macroeconomic conditions continue to play a central role in crypto price dynamics. Currently, the Federal Reserve is not expected to cut interest rates until at least September. According to analysts at B2BINPAY, this is limiting the performance of altcoins, unless a significant shift in monetary policy occurs.
“The bigger picture? Macro uncertainty is keeping altcoins in check. Markets still see only a small chance of a Fed rate cut in July, though odds rise sharply for September. Until that’s clearer, BTC dominance at 62.5% keeps altcoin upside capped,” B2BINPAY analysts.
Despite increasing pressure from the White House, the Fed remains committed to a cautious monetary policy, a stance unlikely to change unless President Donald Trump takes drastic action, such as replacing Fed Chair Jerome Powell.
That said, the more likely catalyst for the next crypto bull run may lie in regulatory developments. The U.S. Congress is set to deliberate on the Genius Act, a bill that could finally bring stablecoins out of the regulatory gray zone and offer much-needed clarity to the sector.
