BlockBeats News, June 20: The central banks of Switzerland, Sweden, and Norway simultaneously cut interest rates by 25 basis points each within 24 hours, declaring the world's re-entry into an easing cycle. While most economists previously expected these central banks to stand pat, facing slowing inflation and currency appreciation pressure, the three countries chose to stimulate their economies early, causing market turbulence.
Although the Bank of England and the Federal Reserve of the United States have kept interest rates unchanged, the pound weakened, U.S. bond yields declined, and funds began to flow back into the cryptocurrency market, with BTC continuing to trade sideways around $105K. The market is now watching closely to see if the early July expiration of the U.S. tariff truce will introduce a new variable.
Bitunix analysts suggest: This "small-scale easing wave" may be a precursor to a global monetary policy shift in the second half of the year, especially with the backdrop of slowing inflation that is expected to support risk asset performance. Keep an eye on the effectiveness of the support level around BTC $103,300-$102,700; if held, a rebound phase may ensue. In addition, pay attention to the U.S. trade policy developments on July 9; if there are further punitive tariffs imposed, it could become a new source of market pressure.
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