4E: BTC rebounds strongly to $109,240, crypto market recovers, focusing on Federal Reserve policy and Circle listing

On June 10, according to 4E observation, as of 14:00 on June 10, 2025 (UTC + 8), Bitcoin (BTC) was reported at $109,240, up 3.6% in the past 24 hours, and the intraday high reached $110,290, approaching the high of the year. The technical side shows that the bulls have regained control of the rhythm, and the support of $105,000 is obviously effective. Mainstream currencies such as ETH, SOL, and LINK also recorded a 1% -4% increase, and the total market value of the crypto market rose above $2.50 trillion, indicating that financial sentiment has gradually warmed up.
On-chain data shows that institutional funds are continuing to flow into crypto funds. Circle plans to list on the New York Stock Exchange this week, with a valuation of $7.20 billion, superimposed on stablecoin legislative expectations, providing medium-term positive support for the market. Although some BTC ETFs still show signs of net outflows, main products such as IBIT still attract a lot of money, indicating that long-term allocation demand is stable.
At the macro level, the US CPI and non-agricultural data for May are about to be released, and the market generally expects that if the data is weak, it will strengthen the expectation of interest rate cuts in September, which will benefit risk assets such as crypto. The European Central Bank will also hold a policy meeting, and if it releases a dovish signal, it will further ease global financial pressure.
4E reminds that the crypto market is at the intersection of technical rebound and macro game, and its short-term or continued strong performance. It is recommended that investors pay attention to the dynamics of the Federal Reserve, the progress of stablecoin legislation and changes in ETF fund flows, and reasonably control positions to prevent the risk of high volatility.