US-Iran Deal Nears Signature; Crypto Stays in the Red

Despite the news, crypto has continued to face selling pressure. Bitcoin and major altcoins stayed in the red Thursday. The Federal Reserve kept interest rates unchanged at its latest FOMC meeting, a decision that caught traders' attention alongside the Iran deal. The crypto market usually reacts to such news, as both macroeconomic and geopolitical updates tend to impact risk appetite. Recently, the market recorded some recovery after Trump confirmed intentions to sign the peace deal.

Still, traders should stay cautious. Any last-minute update could impact the global financial sector, let alone the crypto market. The deal's compliance structure means the timeline for actual benefits remains uncertain, and the market has shown it can ignore positive headlines when macro headwinds dominate.

For those tracking the story, the signing ceremony tomorrow is the next concrete marker. If the deal holds and maritime routes reopen, energy prices could ease, potentially lifting risk assets. If it stalls, the same geopolitical premium that has weighed on markets could persist.

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