Trump Tones Down Timeline for US-Iran Deal as Bitcoin Surges

US President Donald Trump has softened his stance on the timeline for the US-Iran agreement, stating that the 60-day deadline is flexible and suggesting a deal could be signed within 48 hours. This marks a shift in tone from earlier statements, with some interpreting it as an effort to ease tensions between the two nations.

The agreement, which remains tentative pending final leadership approval, aims to extend a ceasefire, ensure unrestricted shipping through the Strait of Hormuz, and initiate substantive negotiations over Iran's nuclear program. Key provisions include reopening the strait without tolls or harassment and potentially releasing billions in frozen funds under various sanctions regimes.

Crypto markets responded positively to the news, with Bitcoin surging nearly 3% on reduced geopolitical risk. However, US authorities have simultaneously cracked down on Iranian digital infrastructure, sanctioning Nobitex, Iran's largest digital asset exchange, and seizing approximately $1 billion in Iranian digital assets.