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BitMine Chairman Tom Lee stated in an interview with CNBC that investors are overreacting to the Federal Reserve meeting. Federal Reserve Chairman Kevin Walsh plans to monitor data in a modernized manner, and the overall stance of this meeting is quite dovish. Fundstrat believes market conditions will change later this year, but the current stock market environment remains favorable. Tom Lee mentioned the successful SpaceX IPO and pointed out that the Federal Reserve’s restructuring of its policy framework, SpaceX stock unlocking, liquidity diversion caused by Anthropic and OpenAI IPOs, disruptions in the Strait of Hormuz, and the exhaustion of speculative funds are challenges that lie ahead.

BlockBeats news, June 20, Bitwise analysts stated that despite ongoing hawkish risks from the Federal Reserve, current Bitcoin valuation indicators still show it is in a historically undervalued range. The Bitcoin Mayer Multiple indicator has dropped below 1.0, which historically corresponds to a long-term accumulation phase, suggesting that the BTC price exhibits “deep value” characteristics. However, Bitwise also pointed out that investor participation remains sluggish. According to the Realized Market Cap Growth indicator from CryptoQuant, the market has stayed in a bear phase since the end of October 2025, indicating that new capital entering the Bitcoin network continues to slow down. The 7-day and 59-day moving averages of this indicator have declined from about 70 in the fourth quarter of 2025 to 13.9 and 19.1 as of June 17, respectively. Bitwise added that compared with AI-related stocks such as Nvidia, Bitcoin is significantly undervalued, while the latter currently trades at a considerable premium relative to long-term trends. Meanwhile, potential fundraising or IPO deals for SpaceX, Anthropic, and OpenAI combined could attract more than 200 billion US dollars in investor demand, which would intensify competition for market liquidity. The Federal Reserve kept its rate unchanged at 3.5% to 3.75% on Wednesday, but the latest dot plot showed that nine officials expect at least one rate hike this year, with six officials projecting two or more hikes. After the rate decision, Bitcoin fell below 64,000 US dollars. Bitcoin investor Jelle noted that 64,000 US dollars is a key price level for buyers. If it holds, a rebound to 70,000 US dollars could take place in the coming weeks.

ChainCatcher News, according to Coinglass data, the current cryptocurrency Fear and Greed Index is 24, up 11 points from yesterday. The 7-day average is 18, and the 30-day average is 19.