Crypto Markets React to U.S.-Iran Peace Deal and Fed Interest Rate Decision
- Bitcoin rose to nearly $66,000 on Monday, up approximately 3.5% from Friday.
- Cryptocurrency-linked equities like Strategy (MSTR) and Galaxy (GLXY) saw gains in pre-market trading.
- The Federal Reserve’s interest-rate decision is expected to remain unchanged at the current level of between 3.50%–3.75%.
- The CFTC will open a formal public comment window on June 15 regarding prediction markets.
- Arbitrum (ARB) plans to unlock $7.76 million worth of its circulating supply on June 16.
This week’s developments include the anticipated signing of a ceasefire agreement between the U.S. and Iran, which may influence market sentiment positively for risk assets like cryptocurrencies. Additionally, upcoming economic data releases could impact liquidity in the crypto market.
With Bitcoin’s recent rise to nearly $66,000 and significant events like the Fed’s interest-rate decision on June17, traders are closely monitoring these factors for potential market shifts.
