Trump Ditches Iran Ceasefire, Crypto Markets Feel the Squeeze

US President Donald Trump announced on Truth Social that the ceasefire between the US and Iran is officially over. The declaration, made on July 10, effectively killed the Islamabad Memorandum of Understanding signed on June 17.

The agreement had paused direct military strikes and was supposed to create space for negotiations around Iran's nuclear program. However, according to Trump's statement, Iran requested that talks continue even as the formal ceasefire framework dissolved. US officials confirmed that 'technical talks' between the two countries would persist.

Crypto markets reacted negatively to the news, with Bitcoin, Ethereum, and XRP facing selling pressure. The initial ceasefire had generated optimism, but the latest round of escalation announcements has reversed this trend.