Bitcoin slipped Tuesday, losing some ground after gaining in the prior session following some reports that Iran was seeking a ceasefire in the conflict with Israel.
Gains in crypto markets remained fragile as the Middle East conflict showed few actual signs of deescalation, while traders also remained averse towards risk before a Federal Reserve meeting this week.
Sentiment remained on edge after U.S. President Donald Trump issued a dire warning against Iran, while Tehran and Jerusalem continued to trade strikes against each other.
Crypto markets showed little reaction to the Bank of Japan keeping interest rates steady, with the central bank set to slow its pace of bond tapering only from next year.
Bitcoin slid 1.6% to $105,430 by 09:45 ET (13:45 GMT). While the world’s biggest crypto did clock some gains this week, it remained squarely within a trading range seen for most of June. 