What to Know:

You are reading Crypto Daybook Americas, your daily briefing on the cryptocurrency markets. This newsletter rounds up the overnight developments and what’s anticipated for the day ahead.

Current Bitcoin Price: BTC is currently trading just under $105,000, down 1.4% over the past 24 hours as the market balances geopolitical tensions with regulatory developments in the U.S.

Key Developments:

• Tensions Rise in the Middle East: President Trump has called for Iran’s ‘unconditional surrender’, labeling its leader an ’easy target’. Translation: El presidente Trump ha pedido la ‘rendición incondicional’ de Irán, calificando a su líder como un ‘objetivo fácil’.

• Market Reactions: Trump’s statements have heightened perceptions of possible U.S. military involvement in the region, which now sits at 62% according to prediction markets.

• Institutional Interest: Despite the geopolitical anxiety, there is continued demand for Bitcoin, primarily driven by corporate investments and recent stablecoin legislation approval in the U.S., regarded as a positive sign for the crypto sector.

On the Radar:

• U.S. Federal Reserve Announcement: Traders will pay attention to the Fed’s interest rate decisions, expected to remain unchanged.

• Crypto-Related Incidents: A prominent Iranian crypto exchange was hacked by a group assumed to have connections to Israel, adding to the ongoing tensions. Recent developments could impact broader market sentiment.

What to Watch:

• June 18: IoTeX hard fork slated for activation.
• Canadian ETF approvals for XRP begin trading on stock exchanges.

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