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Bitcoin dips to $59,700 as Iran de-escalation lifts stocks

Bitcoin dips to $59,700 as Iran de-escalation lifts stocks

Crypto opened Monday flat. Bitcoin traded near $59,700, down 0.3% on the day and 6.8% on the week, as a de-escalation in the U.S.-Iran conflict lifted equity futures but left digital assets unmoved, per CoinDesk data.

Ether edged up 0.3% to $1,572, Solana added 1.5%, while XRP and dogecoin continued to slide.

Axios reported Sunday that the U.S. and Iran agreed to fully halt strikes and meet this week in Qatar to resume talks over the Strait of Hormuz and a broader end to the conflict. S&P 500 and Nasdaq 100 futures gained 0.5% as of Monday, but crypto did not follow.

The non-reaction fits the pattern of the past two weeks. Bitcoin jumped on the peace deal signing June 19, then gave it back as the hawkish Fed and ETF outflows reasserted….

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