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Donald Trump

President Donald Trump

US President Donald Trump said a deal to end the fighting between the US and Iran is scheduled to be signed on Sunday, despite officials in Tehran previously casting doubt on the timeline.&nbsp;“The Deal is scheduled to get signed tomorrow, and immediately after it is signed, the Hormuz Strait is OPEN TO ALL,” <a href="https://truthsocial.com/@realDonaldTrump/116743808155352167" rel="noopener noreferrer nofollow">said</a> Trump on Truth Social on Saturday.&nbsp;<img alt="Trump says Iran peace deal to be signed Sunday, contradicting Tehran" height="496" src="https://s3-images.ctmedia.io/media/content/pasted-image-1466.png" width="895">Source: <a href="https://truthsocial.com/@realDonaldTrump/116743808155352167" rel="noopener noreferrer nofollow">Donald Trump</a>Pakistan, which is mediating talks between the US and Iran, also <a href="https://x.com/CMShehbaz/status/2065751039136207357?s=20" rel="noopener noreferrer nofollow">signaled</a> an agreement could be reached within 24 hours.&nbsp;The deal, a memorandum of understanding, is expected to extend the ceasefire between the US and Iran for 60 days and reopen the Strait of Hormuz.&nbsp;The naval blockade has choked 20% of the world’s supply of oil and liquefied natural gas, which has led to higher global asset prices and a sentiment shock that has <a href="https://cointelegraph.com/learn/kevin-warsh-crypto-holdings-fed-policy" rel="noopener noreferrer nofollow">pressured crypto markets</a> for months.&nbsp;“We are closer to a peace deal than ever before,” Pakistani Prime Minister Shehbaz Sharif said on X on Saturday. “With finalisation likely expected in the next 24 hours, Pakistan is preparing for the electronic signing of the peace deal immediately after, followed by technical level talks next week.”&nbsp;Iran has not confirmed the Sunday signing.&nbsp;Iranian Foreign Ministry spokesperson Esmaeil Baghaei told state media earlier that the memorandum wouldn’t be signed on Sunday, but could happen “in the coming days.”&nbsp;“We will have to wait and see about the exact date of the signing of the memorandum of understanding, although it will not be tomorrow,” Baghaei said.<h2 id="analysts-say-peace-deal-will-benefit-crypto">Analysts say peace deal will benefit crypto</h2>Crypto analyst Michaël van de Poppe <a href="https://x.com/CryptoMichNL/status/2065894727762014294?s=20" rel="noopener noreferrer nofollow">said</a> a peace deal between Iran and the US will likely prompt a <a href="https://cointelegraph.com/markets/bitcoin-data-points-to-a-relief-rally-as-order-book-demand-targets-70k" rel="noopener noreferrer nofollow">surge in Bitcoin</a>, along with positive ETF flows.&nbsp;Spot Bitcoin exchange-traded funds (ETFs) <a href="https://sosovalue.com/assets/etf/us-btc-spot" rel="noopener noreferrer nofollow">recorded</a> about $315.84 million in net outflows for the week ended Friday, marking the fifth consecutive week of outflows for the Bitcoin-linked crypto funds.&nbsp;Related: <a href="https://cointelegraph.com/markets/bitcoin-tags-632k-as-btc-price-action-ignores-new-iran-hormuz-closure" rel="noopener noreferrer nofollow">Bitcoin tags $63.2K as BTC price action ignores inflation, Iran Hormuz closure</a>“Liquidity will pour back into risk-on assets as liquidity will seek for an opportunity and after SpaceX IPO was done, most likely this will go towards crypto,” he added.&nbsp;On Wednesday, CoinShares head of research James Butterfill told Cointelegraph the <a href="https://cointelegraph.com/news/pressure-on-bitcoin-and-gold-increases-as-us-inflation-tops-4" rel="noopener noreferrer nofollow">recent outflow</a> from digital asset investment products was being primarily driven by geopolitics, with uncertainty around the Iran conflict weighing on the outlook for interest rates.Bitcoin was trading at $64,491 at the time of writing, up 1.5% over the past 24 hours.&nbsp;Magazine: <a href="https://cointelegraph-magazine.com/bitcoin-canary-coal-mine-xrp-transaction-demand-falls-market-moves/" rel="noopener noreferrer nofollow">Bitcoin, the ‘canary in the coal mine,’ XRP transaction demand falls 91.5%: Market Moves</a>

Trump says Iran peace deal to be signed Sunday, contradicting Tehran

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