The tension in the Middle East escalates, Bitcoin falls back to 104K, and the market is focused on The Federal Reserve (FED) interest rate decision.

As concerns grow about the escalating tensions in the Middle East potentially leading to more direct U.S. intervention, oil prices have risen and U.S. stocks have fallen. Crypto Assets have also declined across the board, with Bitcoin retreating to 104K and ETH reported at $2,512 before the deadline. The market will closely monitor today's The Federal Reserve (FED) interest rate decision and Chairman Powell's post-meeting press conference.

Tensions escalate in the Middle East, Trump demands Iran's "unconditional surrender"

According to Bloomberg, citing informed sources, U.S. President Trump met with his national security team to discuss the escalating conflict in the Middle East, raising speculation that the U.S. may soon join Israel in attacking Iran.

Trump issued a statement demanding Iran's "unconditional surrender" and warned of a possible attack on Iranian leader Ayatollah Ali Khamenei, stating that the United States knows exactly where the supreme leader is hiding.

He is easy to hit, but he is safe there—we won't kill him! At least not for now!

Retail sales have declined for two consecutive months, and the market is focusing on the Federal Reserve's interest rate decision.

The United States announced that retail sales in May were -0.9%, marking a decline for the second consecutive month, indicating that concerns over tariffs and financial conditions have prompted consumers to pull back after a spending spree at the beginning of the year. Industrial production has decreased, and builder confidence has fallen to its lowest level since December 2022.

As Federal Reserve officials convene for a two-day meeting in Washington, traders expect the Federal Reserve to keep interest rates unchanged in June and July, but may indicate their intentions on Wednesday by revising economic and interest rate forecasts. The Federal Reserve will release a statement at 2:00 AM Taiwan time on June 19, followed by a press conference with Chairman Powell at 2:30.

(The Federal Reserve (FED) decision countdown! The market bets that Powell will stay put)

Bitcoin fell back to 104K, with over 400 million dollars liquidated across the network.

Bitcoin has fallen from 108K the day before yesterday, reaching a low of 103,371 USD, and has rebounded to 104K before the deadline. Ethereum also dropped to a price of 2,453 USD, reporting at 2,512 USD before the deadline.

According to Coinglass, $418 million of cryptocurrencies were liquidated in 24 hours, with ETH's $120 million, followed by BTC's $100 million. The fear and greed index has also reached the neutral level of 53, which shows that the market is somewhat interested in the recent range movement.

This article discusses the escalation of tensions in the Middle East, with Bitcoin falling back to 104K, and the market focusing on the interest rate decision by The Federal Reserve (FED). First appeared in Chain News ABMedia.