Bitcoin is Stable - Investors Await Federal Reserve Decision and US-Iran Agreement

Bitcoin's price increased slightly on Tuesday, rising 0.4% to reach $66,116. Despite the recovery recorded in recent days, caution remains elevated in the market.

Investors are awaiting the official formalization of a peace agreement between the US and Iran, which is expected to take place on Friday. According to available information, the parties have agreed on ceasing military operations, opening the Strait of Hormuz, and lifting the naval blockade imposed against Iran. The agreement also provides for the continuation of negotiations related to Iran's nuclear program.

A significant event for the cryptocurrency market will be the US Federal Reserve's meeting, which will take place on Wednesday. According to market expectations, the central bank will leave interest rates unchanged. However, investors will pay particular attention to the Fed's economic forecasts and future monetary policy.

Additional pressure on the market is being created by capital outflows from Bitcoin-based spot ETFs, as well as signals from the Bank of Japan regarding a rate increase and a stricter monetary policy.

According to analysts' assessments, until the Federal Reserve's decision and the final details of the US-Iran agreement become known, the cryptocurrency market will likely maintain relatively cautious and limited movements.