Trump-Iran deadline chaos sends crypto higher while cease-fire hopes rise

US President Donald Trump threatened Iran could be "living in Hell" if it doesn't open the Strait of Hormuz, though he also told reporters that a deal with Iran is getting close.

Crypto markets bounced 2.5% as US President Donald Trump sent mixed signals over a potential deal with Iran to reopen the Strait of Hormuz, including reports of a possible ceasefire that could permanently end the war. 

In an expletive-laden post on the Truth Social platform on Sunday, Trump threatened that Iran would be “living in Hell” if the Strait of Hormuz is not reopened.

However, he also acknowledged in a Fox News interview that Iran is “negotiating now” and expressed optimism about a “good chance” of a deal within 24 hours.

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