{"id":4033,"date":"2026-06-19T23:03:03","date_gmt":"2026-06-19T23:03:03","guid":{"rendered":"https:\/\/blog.coinsignals.net\/?p=4033"},"modified":"2026-06-19T23:03:03","modified_gmt":"2026-06-19T23:03:03","slug":"bitcoin-pulls-back-as-fed-maintains-hawkish-stance-and-markets-wait-for-a-final-us-iran-deal-weekly-recap","status":"publish","type":"post","link":"https:\/\/blog.coinsignals.net\/index.php\/2026\/06\/19\/bitcoin-pulls-back-as-fed-maintains-hawkish-stance-and-markets-wait-for-a-final-us-iran-deal-weekly-recap\/","title":{"rendered":"Bitcoin Pulls Back as Fed Maintains Hawkish Stance and Markets Wait for a Final US-Iran Deal: Weekly Recap"},"content":{"rendered":"\n
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It was another volatile week for crypto markets, shaped by macroeconomic uncertainty, geopolitical developments, and shifting investor sentiment.<\/p>\n\n\n\n

The week began with optimism after reports suggested progress toward a peace agreement in the Middle East. However, uncertainty surrounding a lasting deal between the United States and Iran kept markets cautious.<\/p>\n\n\n\n

Bitcoin Struggles After Early Week Rally<\/strong><\/p>\n\n\n\n

Bitcoin spent much of the week struggling to break above $64,000 until Sunday evening, when renewed optimism followed former President Donald Trump signaling that a deal was close.<\/p>\n\n\n\n

That announcement sparked a strong rally, sending Bitcoin to $66,000 within hours and above $67,000 on Monday, marking its highest level in several weeks.<\/p>\n\n\n\n

The momentum did not last.<\/p>\n\n\n\n

Ahead of Wednesday\u2019s Federal Open Market Committee meeting, Bitcoin fell below $65,000 before briefly recovering to $66,400. However, after the Federal Reserve kept interest rates unchanged, as widely expected, sentiment weakened again.<\/p>\n\n\n\n

Markets reacted negatively to the hawkish tone of new Federal Reserve Chair Kevin Warsh, whose comments reinforced concerns that rate cuts remain unlikely in the near term.<\/p>\n\n\n\n

As the week progressed, Bitcoin continued to slide and eventually dropped to a weekly low of $62,300 earlier today.<\/p>\n\n\n\n

The decline also coincided with renewed doubts over whether the proposed memorandum of understanding between the United States and Iran would be finalized. At the same time, reports emerged that Hezbollah and Israel had agreed to a ceasefire scheduled to begin Friday afternoon.<\/p>\n\n\n\n

Bitcoin responded with a modest rebound, climbing back above $63,000 at the time of writing.<\/p>\n\n\n\n

A finalized long term peace agreement could improve market sentiment further, but the broader crypto market remains fragile, especially amid ongoing concerns surrounding Strategy\u2019s controversial STRC shares.<\/p>\n\n\n\n

Weekly Market Performance<\/strong><\/p>\n\n\n\n

Bitcoin remains in negative territory on a weekly basis, alongside several major digital assets including BNB, Dogecoin, Monero, Bitcoin Cash, and Cardano.<\/p>\n\n\n\n

Meanwhile, a few tokens posted strong gains this week, including Hyperliquid, Stellar, Worldcoin, Uniswap, and RAIN, all of which recorded double digit growth.<\/p>\n\n\n\n

Market Snapshot<\/strong><\/p>\n\n\n\n

Total Market Cap: $2.26 trillion<\/p>\n\n\n\n

24 Hour Trading Volume: $75 billion<\/p>\n\n\n\n

Bitcoin Dominance: 56.1%<\/p>\n\n\n\n

Bitcoin: $63,230, down 1.3%<\/p>\n\n\n\n

Ethereum: $1,700, up 0.85%<\/p>\n\n\n\n

XRP: $1.14, down 0.9%<\/p>\n\n\n\n

Major Crypto Stories This Week<\/strong><\/p>\n\n\n\n

STRC and SATA volatility sparks concern<\/strong><\/p>\n\n\n\n

Despite adding another $100 million worth of Bitcoin this week, Strategy<\/a> faced increased scrutiny over its STRC shares. The stock traded well below its intended $100 value, and Thursday\u2019s sharp decline intensified concerns, though Matt Cole defended both the product and its issuer.<\/p>\n\n\n\n

Whales continue accumulating Bitcoin<\/strong><\/p>\n\n\n\n

As Bitcoin remained under pressure, large holders increased their exposure. Wallets holding at least 1,000 BTC now control nearly 36% of Bitcoin\u2019s circulating supply, reaching their highest accumulation level in more than three months.<\/p>\n\n\n\n

Morgan Stanley advances ETH and SOL ETF plans<\/strong><\/p>\n\n\n\n

Morgan Stanley<\/a> submitted updated filings for its proposed Ethereum and Solana ETFs. If approved, both products will feature some of the lowest fees in the industry and include staking rewards.<\/p>\n\n\n\n

BlackRock launches Bitcoin income ETF<\/strong><\/p>\n\n\n\n

BlackRock<\/a> introduced the iShares Bitcoin Premium Income ETF, expanding its crypto product lineup with a strategy focused on generating yield through covered calls.<\/p>\n\n\n\n

Illinois passes major crypto tax legislation<\/strong><\/p>\n\n\n\n

Illinois enacted the Digital Asset Privilege Tax Act on June 17. The law imposes a 0.2% tax on crypto transfers, exchanges, and custody services. Miles Jennings described it as one of the most restrictive crypto laws in the United States.<\/p>\n\n\n\n

Bitmine expands Ethereum holdings<\/strong><\/p>\n\n\n\n

Bitmine<\/a> continued aggressively accumulating Ethereum despite broader market weakness. The company recently purchased nearly 77,000 ETH for $135 million, bringing total holdings to 5,620,754 ETH as it moves closer to controlling 5% of Ethereum\u2019s total supply.#crypto#cryptonews https:\/\/coinsignals.net<\/a> https:\/\/t.me\/coinsignalpublic<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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