Crypto Market Extends Gains as U.S.-Iran Peace Deal Signed by Trump

15 Jun, 2026

Senior Journalist

Boluwatife Adeyemi is a well-experienced crypto news writer and editor with a focus on macro topics, crypto policy and regulation and the intersection between DeFi and TradFi. He has a knack for simplifying the most technical concepts and making them easy for crypto newbies to understand. Boluwatife is also a lawyer, who holds a law degree from the University of Ibadan. He also holds a certification in Digital Marketing. Away from writing, he is an avid basketball lover, a traveler, and a part-time degen.

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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Highlights

President Trump confirmed that he has signed the peace deal.
Iran's parliament speaker is also said to have signed the deal.
The crypto market has extended its gains on the back of this development.

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U.S. President Donald Trump has confirmed that he has signed the U.S.-Iran peace deal, signaling that the deal has been completed despite a signing ceremony on Friday. The crypto market extended its gains on the back of this development, with Bitcoin breaking above the psychological $67,000 level.

Trump Confirms Signing Of U.S.-Iran Peace Deal, Crypto Market Climbs

Ahead of his bilateral meeting with French President Emmanuel Macron, President Trump confirmed that they have signed the peace deal. He also said that Iran will reopen the Strait of Hormuz by Friday and that it will be toll-free for sixty days.

CoinGape had earlier reported Trump’s statement on Truth Social, in which he said ships were already moving out of the Strait of Hormuz. Meanwhile, the crypto market extended its gains on the back of the president’s latest remarks.

The total crypto market cap climbed to an intraday high of almost $2.3 trillion, according to TradingView data. The market is now up over 2% on the day, with Bitcoin climbing above the psychological $67,000 level.

President Trump’s statement also signals that the Friday signing ceremony is likely a formality, as he said he is uncertain whether he will attend the ceremony in Geneva. As CoinGape reported, Pakistan’s Prime Minister Shehbaz Sharif said yesterday that the U.S.-Iran peace deal signing ceremony will take place on Friday.

Senior U.S. Official Confirms Signatures From Both Sides

A senior U.S. official confirmed that both the U.S. and Iran had signed the deal, which also contributed to the rise in crypto prices. The official said that President Trump and VP J.D. Vance signed for the U.S. side, while the Iranian Parliamentary speaker signed for the Iranian side.

The official also said that the U.S.-Iran peace deal may be released within the next 48 hours and that the deal will provide for the immediate opening of the Strait of Hormuz. The deal will also lead to the lifting of the U.S. blockade.

He noted that the Strait of Hormuz will take some time to reopen because of the mines. However, they expect an increase in Hormuz traffic in the next one to two weeks, which is a positive for the crypto market, as an increase in traffic could cause oil prices to further decline.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.