Trump is closing in on an Iran deal but the crypto market is ignoring the news
The crypto market remains under pressure as reports suggest the US-Iran deal is nearing completion, with the total crypto market capitalization down nearly 2% to $2.21 trillion.
Summary
- Trump said the US-Iran deal could be signed soon, but crypto prices remain under pressure.
- Bitcoin and major altcoins fell as investors focused on Fed policy and inflation risks.
- The Federal Reserve kept rates unchanged at 3.50%-3.75%, extending its policy stance to 2026.
According to a BBC report, US officials have released details of a proposed memorandum that would extend the ceasefire between Washington and Tehran while reopening key shipping lanes in the Middle East. The framework focuses on restoring access through the Strait of Hormuz and links Iran’s economic benefits to compliance with the agreed terms.
Speaking at the G7 summit in France, President Donald Trump said the deal could be signed as soon as the next day. Reports also indicated that Vice President JD Vance is expected to attend the official signing ceremony, underscoring the support of senior US officials.
Despite those developments, digital asset traders have shown little enthusiasm. Bitcoin and other cryptocurrencies traded lower during the day, as investors continued to reduce exposure to riskier assets amid uncertainty over monetary policy and world events.
Investors remain focused on Federal Reserve policy
Along with developments in the Middle East, market attention turned to the Federal Reserve after policymakers left interest rates unchanged at their June meeting.
As previously reported by crypto.news, the Federal Reserve kept its benchmark interest rate at 3.50% to 3.75% on June 17. The Federal Open Market Committee voted unanimously to keep rates steady, extending the policy break that has been in place through 2026.
The decision was in line with market expectations, although investors continued to assess what it means for financial markets in the coming months. The focus is on Federal Reserve Chairman Kevin Warsh’s first press conference, where traders are looking for more guidance on inflation and the possibility of tighter monetary policy later this year.
With borrowing costs remaining high and inflation concerns lingering, analysts noted that riskier assets may struggle to attract continued inflows without boosting national headlines.
Geopolitical progress has not boosted crypto sentiment
Market participants have historically responded to major global developments because changes in global stability often influence investor demand for sensitive assets such as cryptocurrencies.
Previous reports indicated that crypto prices recovered after Trump confirmed plans to pursue a peace deal with Iran. Lower oil prices and expectations of reduced tensions also helped improve sentiment across several financial markets.
However, recent price action suggests that traders should remain cautious while waiting for the deal to be finalized. According to a BBC report, the proposed framework still needs formal approval and implementation, leaving room for unexpected developments before the deal goes into effect.
For now, investors appear to be weighing the prospect of a US-Iran deal against concerns about inflation, interest rates, and broader macroeconomic conditions. Until that uncertainty becomes clear, the crypto market has shown little willingness to treat the imminent deal as a trigger for further iterations.
