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Saxo Bank: Bitcoin struggles to find direction after the Iran deal

2026-06-17 01:46:14

Golden Finance reports that as investors wait for clearer details of the temporary peace agreement between the United States and Iran, Bitcoin is struggling to find direction. In a report, analysts at Standard Chartered said, “The temporary agreement is scheduled to be signed in Switzerland on Friday, but the memorandum text that has not been released is keeping investors cautious.” They said that although market sentiment for risk assets, including digital assets, has improved, spot Bitcoin exchange-traded funds have still recorded net outflows for the fifth consecutive week. Investors are also awaiting the Federal Reserve’s policy decision on Wednesday. According to data from the London Stock Exchange Group, Bitcoin touched a 12-day high of $67,241 on Monday and is now trading flat at $66,491. It has risen slightly from the $59,125 20-month low reached on June 5.

BTC0.02%

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