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Bitcoin nears $59K as summer liquidity fades and market eyes Fed, Iran deal, and inflation data.

Market News
24 Jun 2026
Coindesk
View Source
Bearish
pluang ai news

Bitcoin and ether are moving toward the lower end of their recent price ranges amid fading summer liquidity and increased asset correlations, according to Wintermute's OTC trading desk. Bitcoin is approaching a key support level at $59,000, considered the bear market low, as the market reacts to last week's hawkish Federal Reserve stance and uncertain developments in U.S.-Iran relations. Options markets suggest limited price swings in the short term, but upcoming events like the U.S.-Iran peace deal, Thursday's inflation report, and the quarterly options expiry could trigger significant market moves.

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