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On June 22, analyst Gaah cited CryptoQuant data indicating that Bitcoin's cyclical momentum indicators show the current bear market has not yet ended. The indicator has not risen above the neutral zone (0), thus the bear market continues. The indicator has reached the -30 point range, which historically is a deep area for forming cyclical bottoms. Historically, this range (-30) has constituted a major support level for BTC. However, to confirm a trend reversal, the price must form a bullish pattern while the indicator breaks through the neutral zone.

On June 22, an exchange (INTC.US) rose over 4% in pre-market trading, reaching $139.42, while an exchange (UMC.US) increased by 6.8%, reaching $25.72. According to a report from FundaAI, an exchange has partnered with the foundry an exchange to jointly develop advanced manufacturing process technologies. This collaboration primarily focuses on chip technologies for 12nm and 3nm processes, with production expected to take place at an exchange's facility in Arizona.

```htmlGolden Ten Data reported on June 22 that economist Thomas Matthews from Capital Economics stated in a report that whoever becomes the next leader of the UK is likely to face the same fiscal pressures currently experienced by the country. The latest public finance data show that the UK's public sector net borrowing in May has exceeded the forecast of the Office for Budget Responsibility. According to media reports, the current leader Keir Starmer is expected to resign on Monday, and the UK may usher in a new prime minister. Matthews said: "The government has little room to increase spending without triggering a rebound in the bond market."```