Despite reports that the United States and Iran are close to finalizing an agreement, the cryptocurrency market has shown little reaction, with total market capitalization declining by nearly 2% to $2.21 trillion. The proposed deal, which aims to extend a ceasefire and reopen key shipping routes like the Strait of Hormuz, has not been enough to lift digital asset prices.
President Donald Trump announced at the G7 summit that the agreement could be signed imminently, with Vice President JD Vance expected to attend the signing. However, traders remain focused on other factors, particularly the Federal Reserve’s monetary policy stance.
The Fed recently held interest rates steady at 3.50%–3.75%, continuing a pause from 2026. This decision, while expected, has kept investors cautious about risk assets. Fed Chair Kevin Warsh’s upcoming press conference is anticipated for further clues on inflation and potential tightening.
Historically, geopolitical progress has influenced crypto sentiment, but the latest developments suggest traders are waiting for concrete details. The deal’s framework still needs formal approval, leaving room for uncertainty. In the meantime, macroeconomic concerns—such as borrowing costs and inflation—continue to weigh on market enthusiasm.