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Bitcoin ETF · Iran · Bitcoin · Federal Reserve (FED) ·

Profit-taking across bitcoin, ether, solana as traders wait on the Iran signing

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Bitcoin BTC $ 66,300.77 briefly traded above $67,000 late Monday before slipping back under $66,000 in a move that is indicative of how cautiously crypto is treating the Iran peace deal that has rallied other markets.

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Summary

Bitcoin briefly topped $67,000 but is lagging the broader relief rally in stocks and oil as traders treat the tentative Iran peace deal with caution. Analysts say crypto investors are wary after two prior cease-fire rallies quickly reversed, and many are waiting for the June 19 signing and this week’s Federal Reserve decision before committing. Spot bitcoin ETFs have emerged from four weeks of heavy outflows, suggesting institutional demand remains muted even as coins quietly move off exchanges into cold storage. The token changed hands at $65,845 on Tuesday, up 0.3% over 24 hours and 4.8% on the week, per CoinDesk data.

Read full article at CoinDesk →

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