According to Francisco Rodrigues, Bitcoin (BTC) approached $107,000, rising 1.7% in 24 hours, driven by a U.S.-brokered ceasefire between Iran and Israel that lifted risk assets by easing oil supply fears. Susannah Streeter of Hargreaves Lansdown noted growing doubts about the truce holding, citing a leaked U.S. intelligence report. Federal Reserve Chair Jerome Powell emphasized patience on interest rate cuts due to elevated inflation, with Bitunix analysts highlighting this uncertainty. Derivatives data from Wintermute trader Jake O indicated neutral positioning around $100,000-$105,000 for June expiry but bullish signals in call options targeting $108,000-$112,000. U.S. consumer confidence data softened, raising the chance of a July rate cut to 20%, per the CME FedWatch tool.