The catalyst the market had been counting on just fell apart. Bitcoin is trading at $62,201 on June 19, 2026 — down around 3% in the past 24 hours — after Israel launched renewed airstrikes across southern Lebanon overnight, prompting Iran to refuse deployment of its delegation to Switzerland. The formal US-Iran memorandum signing, which had been scheduled for today at Bürgenstock resort, has been postponed indefinitely. The single macro tailwind that was supposed to counter the Federal Reserve’s hawkish dot plot is now off the table, at least for this weekend.