Profit-taking across bitcoin, ether, solana as traders wait on the Iran signing
A US-Iran deal pulled oil lower and lifted stocks, but bitcoin’s bounce is hesitant. ETF outflows just paused after a record run, and analysts say the market wants the deal signed before pricing it in.
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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 just emerged from four weeks of heavy outflows, suggesting institutional demand remains muted even as coins quietly move off exchanges into cold storage.
