Bitcoin remained steady above the $66,000 level, posting a modest recovery in recent sessions as markets awaited the signing of an agreement between the United States and Iran, while also focusing on the upcoming monetary policy decision from the U.S. Federal Reserve.
Bitcoin rose by 0.4% to $66,116, supported by improved risk appetite following announcements that both sides had reached understandings aimed at easing tensions and reopening the Strait of Hormuz to maritime traffic. The two countries are expected to sign a memorandum of understanding in the coming days, although markets are still awaiting further details regarding the agreement.
The United States and Iran also agreed to take steps to promote stability and continue dialogue on several shared issues, which boosted investor sentiment across global markets.
At the same time, investors remain focused on the Federal Reserve meeting, with broad expectations that interest rates will remain unchanged. Market participants are also closely watching the central bank’s outlook for the economy and the future path of monetary policy.
In the spot Bitcoin ETF market, outflows continued for the sixth consecutive week, albeit at a slower pace than previously, with investors withdrawing approximately $64 million from these funds. This trend has been attributed to some investors shifting toward sectors with clearer fundamentals, particularly artificial intelligence related stocks.
Meanwhile, most other cryptocurrencies posted modest gains. Ethereum climbed 2.6% to $1,763, XRP advanced 3.8% to $1.23, and Solana gained 3.4%.
On the other hand, Cardano fell by 2%, BNB slipped 0.5%, Dogecoin declined 1.6%, and the TRUMP token dropped 4.3%.
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