Crypto Market Shrugs Off Near-Deal on US-Iran Agreement

Despite reports of a potential U.S.-Iran agreement nearing completion, the crypto market has remained under pressure. The total crypto market capitalization fell nearly 2% to $2.21 trillion.

According to BBC reports, U.S. officials have released details of a proposed memorandum that would extend the ceasefire between Washington and Tehran while reopening key shipping routes in the Middle East.

The framework centers on restoring access through the Strait of Hormuz and links economic benefits for Iran to compliance with agreed conditions. Speaking at the G7 summit in France, President Donald Trump said the agreement could be signed as soon as the following day.

Investors remain focused on Federal Reserve policy after policymakers left interest rates unchanged at their June meeting. The decision matched market expectations, though investors have continued evaluating what it means for financial markets in the months ahead.