Bitcoin Slips Below $66,000 as Traders Await June 19 Iran Deal Signing and Fed Decision
Updated
Updated · CoinDesk · Jun 16
Bitcoin Slips Below $66,000 as Traders Await June 19 Iran Deal Signing and Fed Decision
3 articles · Updated · CoinDesk · Jun 16
Summary
Bitcoin traded at $65,845 on Tuesday after briefly hitting $67,217, lagging a broader relief rally despite gaining 0.3% on the day and 4.8% on the week.
Two failed cease-fire rallies have left crypto traders wary, with analysts saying many are waiting for the June 19 Iran deal signing in Switzerland and Wednesday's Federal Reserve decision before adding risk.
That caution contrasts with other markets: Brent crude fell below $83 a barrel, the S&P 500 rose 1.7% and the Nasdaq 100 gained 3.1% after Trump said the Strait of Hormuz would fully reopen on Friday.
Spot bitcoin ETFs have only just halted four straight weeks of outflows totaling about $5.4 billion, signaling muted institutional demand even as coins continue moving off exchanges into cold storage.
Ether outperformed with a 2.8% daily rise to $1,764, while investors are also watching whether the CLARITY Act and a steadier macro backdrop can revive broader crypto participation.