These movements occur while the situation in the Middle East continues to resolve and chained five consecutive days of cross attacks between Israel and Iran.
He cryptocurrency market It suffers strong losses this Tuesday, June 17. He Bitcoin (BTC) sinks until U $ s104,300while the Ethereum (eth) loses 5.8% And it falls to the U $ 2,500. These movements occur while the situation in the Middle East continues without resolving and five consecutive days of cross attacks between Israel and Iran are chained.
As reported by ‘Fox News’, Trump requested that The National Security Council was prepared in the White House Crisis Room. Previously, the president published on the social network Truth Social that “Everyone should immediately evacuate Tehran”. “Iran should have signed the agreement I told them to sign. What a pity, and what a waste of human lives. They will simply not have nuclear weapons,” he said.
These events caused a rebound of defensive assets such as gold and oil (4.4%), while risk assets were weighed.
Conflict in the Middle East: how it hits cryptocurrencies
Eugene Cheung, Commercial Director of OSL, points out that Bitcoin “usually shows a late reaction to macroeconomic trends”, so it could still fall. “However, if the feeling of risk changes and investors seek alternatives such as value reserve, Bitcoin could see a renewed impulse in the coming weeks if the Federal Reserve (Fed) meeting this week meets market expectations,” he adds.
Precisely this Tuesday begins The two -day meeting of the Fedin which there is virtually no expectation of cutting interest rates. Instead, market attention will focus on The tone and language used both in the statement and in the subsequent press conference of President Jerome Powellespecially in relation to inflation and tariffs.
Some analysts consider that the Fed will continue to be inflexible, while others perceive that a subtle change is brewing and they think that a Moderate turn (‘Dovisch pivot’) that would not be announced openly.
“The market will observe whether the Committee will use the recent weak data chain in inflation and unemployment applications to justify a more moderate turn in its policy. We do not expect great ads in this meeting, and the short -term approach will continue to be the situation between Iran and Israel,” says Augustine Fan, director of Signalplus analysis.
As you know, the North American Central Bank was very cautious when lowering official rates before calibrating the full effect that Trump’s rates will have on the economy, which has caused the anger of US president.
On the business level, the ‘exchanges’ of cryptocurrencies Gemini and Coinbase could obtain licenses to operate in the European Union (EU) In the next few days.
Source: Ambito
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