Bitcoin Struggles for Direction in Wake of U.S.-Iran Deal -- Market Talk

Dow Jones06-16

1128 GMT - Bitcoin struggles for direction as investors await clarity over the details of the interim peace deal agreed between the U.S. and Iran. "The interim accord is slated to be signed in Switzerland on Friday, though the unreleased text of the memorandum is keeping investors cautious," Saxo Bank analysts say in a note. While sentiment has improved across risky assets, including digital assets, spot bitcoin exchange traded funds still recorded a fifth consecutive week of net outflows, they say. Investors are also looking ahead to Wednesday's Federal Reserve policy decision. Bitcoin trades flat at $66,491 after hitting a 12-day high of $67,241 Monday, according to LSEG. It has recovered modestly from the 20-month low of $59,125 reached on June 5. (renae.dyer@wsj.com)

 

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June 16, 2026 07:28 ET (11:28 GMT)

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