President Trump announced that Iran has requested a halt to military operations against the United States, adding that negotiations are underway with good odds of reaching a deal. An interim ceasefire between the two nations has expired, and Trump warned that strikes could resume if diplomacy fails. The US Treasury has seized or frozen approximately $1 billion in Iran-linked crypto assets as of late May 2026, including $344 million via Tether wallets. Bitcoin was trading in a range between $63,000 and $65,500 in July 2026, with diplomatic progress pushing prices above $64,000 while escalation rhetoric triggered sell-offs toward the lower end of that range.
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