According to @FoxNews, Bitcoin (BTC) is gaining bullish momentum as traders weigh the implications of U.S. fiscal policy and upcoming macroeconomic data. President Trump's recent social media post, suggesting economic growth will offset deficits from his proposed $3.8 trillion tax cut package, has strengthened the case for holding hard assets. Crypto analyst Will Clemente noted on X that such loose fiscal policy makes Bitcoin and gold attractive hedges against potential inflation and currency debasement compared to long-term U.S. Treasuries. In terms of price action, BTC traded in a volatile range between $107,194 and $108,489, with technical analysis showing key support established at $107,300. Looking ahead, the market is focused on Fed Chairman Jerome Powell's testimony and the Core PCE inflation data. A dovish stance from Powell or a benign PCE report, with consensus expecting a 0.1% month-on-month increase, could further fuel risk-taking and benefit BTC. Analysts at ING, however, caution that the inflationary impact of tariffs may delay rate cuts until December.

According to Francisco Rodrigues, bitcoin (BTC) rose to near $107,000 as a U.S.-brokered ceasefire between Iran and Israel lifted global risk assets, easing immediate oil supply fears. Susannah Streeter, head of money markets at Hargreaves Lansdown, cautioned that doubts about the truce's stability could resurface, while Federal Reserve Chair Jerome Powell's emphasis on patience with interest rate cuts supports risk assets but requires monitoring of inflation data, as noted by Bitunix analysts. Derivatives positioning from Jake O at Wintermute suggests range-bound trading around $100,000-$105,000, with call options indicating modest bullishness for higher BTC prices.