Profit-taking across bitcoin, ether, solana as traders wait on the Iran signing

Bitcoin, Ether, and Solana experienced profit-taking on May 15, 2024, as traders awaited a potential US-Iran deal. The prospect of this agreement influenced oil prices, leading to a decrease, and boosted stock markets. However, Bitcoin's recovery showed hesitation, with analysts suggesting the market is waiting for the deal's official signing before fully incorporating it into pricing. This cautious sentiment follows a period of significant ETF outflows, which had only recently paused after a record streak. The market's reaction indicates a desire for concrete confirmation before committing to further price movements in digital assets.