Crypto Market Treads Thin Ice Amid Trump's Iran Comments

The crypto market is facing increased pressure as investors react to comments from President Donald Trump and the US Federal Reserve's (FOMC) meeting.

Trump stated that the memorandum of understanding with Iran was not final, sparking concerns over oil flows through the Strait of Hormuz and its impact on inflation.

The US 5-year Treasury yield remains at 4.16%, while crude Brent oil has fallen to its lowest level in 100 days, but investors are skeptical that fuel prices will continue to weigh on markets for long.

BTC is under pressure due to $2.1 billion in ETF outflows in June and an ongoing discount relative to global Bitcoin/USDT pairs, with the tech-heavy Nasdaq-100 Index trading 2% below its all-time high.