The easing of the situation in the Middle East has boosted the United States stock futures, but the opening of the encrypted market on Monday has not been synchronized. CoinDesk data show that bitcoin reported $597 million, a drop of 0.3 per cent per day and a cumulative decline of 6.8 per cent in the past week.
Main currency movements
A small increase of 0.3 per cent to $1572, a 1.5 per cent increase for Solana. By contrast, the continued decline in XRP and the dog currency shows that market risk preferences have not fully recovered.
On Sunday, Axios reported that the United States and Iran had agreed to a complete cessation of mutual attacks and would meet this week in Qatar to resume negotiations on the downgrading of the Strait of Hormuz and the wider conflict. As a result, the TPP 500 index and the NASDA 100 index will increase by 0.5 per cent on Monday.
Encryption market did not follow the rebound
However, digital assets have limited response to this message. During the past two weeks, news of similar geographical de-escalation has led to short-line rebounds on several occasions, but with insufficient continuity. Bitcoin went up after the signing of the peace agreement on June 19, and then went up again.
The market had previously been suppressed by the Fed’s hawk bias and by the outflow of cash ETF funds, which had made traders more cautious about the rebound from geo-risk cooling. The talks in Qatar are now more like an event to be validated than a clear catalyst to move the process forward.
Two variables this week.
This week’s market will see two things: whether Iran’s negotiations will lead to a more lasting outcome, and whether the US PCE data released on Thursday will be sufficient to ease the market’s concerns about the Fed’s policy path.
If these two factors are improved at the same time, bitcoin will be able to gain a clearer upward mobility. Otherwise, in a context where macro-geo-geo-messages are intertwined, coded market shorts may still sustain weak shocks.