Crypto Today: Bitcoin and Ethereum gain ground as XRP extends decline amid potential Iran-Oman deal
The cryptocurrency market is somewhat lethargic on Thursday, with Bitcoin (BTC) approaching $65,000, Ethereum (ETH) holding above $1,900 while Ripple (XRP) trades under pressure around $1.05. This mixed outlook comes ahead of a potential deal between Iran and Oman on the management of shipping through the Strait of Hormuz. Still, Iran has denied negotiations with the United States (US). Iran and Oman eye Strait of Hormuz deal Iran and Oman are reportedly nearing the finalization of a strategic framework for commercial shipping through the Strait of Hormuz. Despite progress, Iranian Deputy Foreign Minister Kazem Gharibabadi emphasized to Islamic Republic News Agency (IRNA) that any agreement would not necessarily guarantee the immediate reopening of the waterway. A senior Gulf official assesses the probability of a deal being reached by Friday at 50%. US Vice President JD Vance stated in a Fox News interview that negotiations with Iran are likely to be “messy”, citing significant challenges posed by Irans fractured political system and negotiating stance. Moreover, Iran has continued to deny negotiations with the US despite President Donald Trumps optimism on Tuesday that a deal could be announced this week. Despite Bitcoin and Ethereum sustaining a slightly short-term bullish outlook, crypto market sentiment is back in Extreme Fear