Bitcoin price movement
Bitcoin slipped 1% to $65,815.78 by 17:14 ET (21:14 GMT) on 16 June 2026, ending a three‑day winning streak. The decline was attributed to investor caution ahead of the scheduled signing of a U.S.–Iran peace memorandum of understanding on Friday and the Federal Reserve’s interest‑rate decision on Wednesday.
U.S.–Iran peace deal context
Reports indicate the United States and Iran have agreed to halt hostilities, reopen the Strait of Hormuz, lift the American naval blockade, and continue talks on Iran’s nuclear activities. Markets are awaiting further details of the agreement.
Federal Reserve outlook
The Fed’s first meeting under new chair Kevin Warsh is widely expected to leave policy rates unchanged. Investors will watch the Fed’s commentary for clues on inflation and economic outlook.
Bitcoin ETF outflows
Data from SoSoValue showed $64.09 million withdrawn from spot Bitcoin ETFs on Monday, marking a slowdown after five consecutive weeks of outflows. Analyst Iliya Kalchev of Nexo Dispatch noted the deceleration and said a neutral‑to‑constructive Fed tone could act as a macro catalyst, while a sustained price above $65,000 would signal the cycle low is behind.
Binance licensing issue
Reuters reported Binance may lose permission to serve European Union clients within weeks because its MiCA licence application to Greece’s Hellenic Capital Market Commission has not been approved before the end‑June deadline. Without the licence, Binance would be unable to operate in the EU from July. A Binance spokesperson said the regulator completed its review and found the application compliant, with no formal indication of rejection.
Other cryptocurrency price movements
Ethereum fell 1.2% to $1,797.14, XRP dropped 2.8% to $1.22, Solana and Cardano slipped about 1.3% and 3.4% respectively, Dogecoin declined 1.7%, and the memecoin $TRUMP was down 2.8%.
Additional notes
Binance’s native token BNB declined 2.1% on the day. The article was contributed by Vahid Karaahmetovic and Anuron Mitra.