Bitcoin rose to just under $66,000 on Monday, a gain of roughly 3.5% from Friday’s close, after the United States and Iran announced an interim peace agreement on Sunday.
Geopolitical Relief and Market Response
The tentative truce eased the geopolitical anxiety that had weighed on risk assets throughout the past months. Crypto‑related equities such as MicroStrategy (MSTR) and Galaxy Digital (GLXY) posted modest gains in pre‑market trading, reflecting renewed optimism among investors. Nevertheless, analysts caution that the ceasefire in April collapsed and U.S. strikes disrupted a subsequent truce last month, which had previously driven crypto prices lower.
Federal Reserve Outlook and Liquidity Outlook
Federal Reserve Chair Jerome Powell is slated to announce the Fed’s interest‑rate decision on Wednesday, June 19, 2024, with most forecasts pointing to a hold at the current target range. The release of a new dot‑plot, showing individual policymakers’ rate expectations, will accompany a shortened trading week