Profit-taking across bitcoin, ether, solana as traders wait on the Iran signing

Markets 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. By Shaurya Malwa Jun 16, 2026, 4:48 a.m. 3 min read Make preferred on Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Make preferred on Summary Show 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. Bitcoin briefly traded above $67,000 late Monday before slipping back under $66,000 in a move that is indicative of how cautiously crypto is treating the Iran peace deal that has rallied other markets. The token changed hands at $65,845 on Tuesday, up 0.3% over 24 hours and 4.8% on the week, per CoinDesk data. It touched a 24-hour high of $67,217 before fading. Ether held up better, rising 2.8% on the day to $1,764 and 5.8% on the week. Solana gained 3.2% to $73, XRP added 3.2% to $1.22 and Hyperliquid's HYPE led the majors again, up 6.3% to $69. The macro backdrop turned sharply friendlier on Monday. President Donald Trump and Vice President JD Vance signed an electronic copy of a memorandum of understanding with Iran, and Trump said the Strait of Hormuz, already partially open, will fully reopen on Friday. Brent crude slipped below $83 a barrel after its biggest drop in more than two weeks. The S&P 500 added 1.7% on Monday and the Nasdaq 100 rose 3.1%. Yet bitcoin has not moved like an asset pricing in relief. "Oil dropped more than 4% and Asian equities jumped more than 3% on the ceasefire, but BTC barely budged," said Jimmy Xue, co-founder and COO of Axis, said in an emailt. He called it "a relief move that the market hasn't fully bought yet rather than clear risk-on redeployment into Bitcoin." The hesitation has a logic. This is the third truce attempt, and bitcoin fully round-tripped the relief rallies after both the April ceasefire and the June 9 strikes collapsed. As such, Trump also said on Monday that the deal may be called off if Iran does not agree to shut down its nuclear program. Traders appear to be waiting on the deal's June 19 signing in Switzerland before pricing anything as durable, Xue said. The demand picture explains the profit-taking from ovenight. US spot bitcoin ETFs just came off four straight weeks of outflows totaling about $5.4 billion, including a record week near $3.4 billion, and that streak only just paused. The marginal institutional buyer has not clearly returned. The one constructive signal is steady movement of coins off exchanges into cold storage, which tightens available supply if demand does come back. Not everyone reads it as cautiously, however. "It's a constructive setup for risk assets, including crypto," said Chris Perkins, incoming head of Franklin Crypto at Franklin Templeton, said in an email. "With the SpaceX IPO behind us, an event that appears to have drained some retail liquidity out of the crypto market, it will be interesting to see if the improving macro environment brings retail back." Perkins added that passage of the CLARITY Act - whose primary goal is to define whether digital assets are securities or commodities - which prediction markets currently rate a coin flip, would further accelerate institutional participation. The near-term test is the central bank calendar. The Bank of Japan raised its benchmark rate to 1%, its highest since 1995, the Reserve Bank of Australia is expected to hold on Tuesday, and the Federal Reserve delivers its verdict on Wednesday. For bitcoin, trading like a high-beta risk asset, the Fed decision and the Friday signing are the two events that decide whether this bounce holds or round-trips like the last two. Latest Crypto News 1 Bitcoin rises after Bank of Japan hikes interest rates to a 31-year high 20 minutes ago 2 Hyperliquid loses Anthropic, OpenAI markets as creator shuts down project 10 hours ago 3 If America wants to lead in crypto, it must protect the people who build it 14 hours ago 4 ‘Crypto spring’ is here, says one analyst after bitcoin's key signals turn bullish 14 hours ago 5 Kraken debuts U.S. perpetual futures as crypto derivatives move onshore 14 hours ago 6 Coinbase's Brian Armstrong says bitcoin may have bottomed at $60,000 15 hours ago 7 XRP rockets 8% above $1.20 in first major breakout since June selloff 15 hours ago 8 CoinDesk 20 performance update: Bittensor (TAO) surges 31.9%, leading index higher 15 hours ago 9 Bitmine adds another $136 million of ether after raising $274 million in preferred stock sale 15 hours ago 10 Michael Saylor's Strategy acquires another 1,587 bitcoin for $100 million 16 hours ago Latest Research CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high. By CoinDesk Research 17 hours ago In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high. Why it matters : In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high. View Full Report More From Markets Bitcoin rises after Bank of Japan hikes interest rates to a 31-year high ‘Crypto spring’ is here, says one analyst after bitcoin's key signals turn bullish Kraken debuts U.S. perpetual futures as crypto derivatives move onshore