Crypto Market Braces for Volatility Ahead of US-Iran Deal, Fed Meeting

The crypto market is bracing for a hectic week ahead of several key economic and monetary policy events. The US-Iran deal, which could ease geopolitical tensions and potentially boost Bitcoin and other risk assets, is expected to be signed on June 19 in Switzerland.

Ahead of the deal, the Federal Reserve's FOMC meeting on June 16-17 will likely keep investors on edge. During this meeting, Fed Chair Kevin Warsh will make his first policy rate decision, and markets are anticipating rates to remain unchanged.

However, investors will be tuning in to Warsh's comments on inflation and future policy actions, which could have a significant impact on the crypto market.

The Bank of Japan is also taking center stage as it considers lifting its short-term policy rate from 0.75% to 1.0% at a meeting on June 15-16. Analysts warn that this move could push global risk markets, including Bitcoin and the overall crypto market, under pressure.