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Trump’s Iran Decision Sparks $350 Billion Stock Market Frenzy, But <a href="https://jpyxx.com/btc-usd/">Bitcoin</a> Extends Losses

The stock market surged, gaining about $350 billion in value in just 15 minutes after news broke of a potential ceasefire agreement between the US and Iran, as reported by Axios. Meanwhile, Bitcoin’s price dropped by over 3% that same day.

The plan to extend the rally for another 60 days is still pending final approval from both President Trump and Iranian leaders, meaning it could still face unexpected political opposition from either side at the last minute.

Wall Street Jumps on Draft Ceasefire Terms

According to a report by Axios, negotiators from the US, led by Steve Witkoff, and Iran, led by Abbas Araghchi, have reached an agreement to extend their current temporary understanding for another 60 days.

This plan proposes starting negotiations about nuclear issues, gradually easing the US naval blockade as commercial shipping resumes, and demanding that Iran clear all mines from the Strait of Hormuz within a month.

Stocks quickly jumped to record highs as soon as the news broke, showing an immediate positive reaction from investors.

According to analyst Bull Theory, the US stock market gained $350 billion in just 15 minutes after Axios reported a deal between the US and Iran was finalized, and is now awaiting President Trump’s approval.

As an analyst, I’ve been closely following this agreement, and a key component is Iran’s commitment to not develop nuclear weapons. Importantly, the deal focuses on quickly getting rid of their existing highly enriched uranium – they’re prioritizing the disposal of these stockpiles within the first two months.

In return, the United States would be willing to talk about lifting sanctions and releasing Iranian funds that have been frozen. The agreement would also include ways to simplify the delivery of humanitarian aid and other goods.

The proposed Axios ceasefire agreement hasn’t been finalized. Sources indicate that Donald Trump received the details and requested a few days to consider it.

“We now await final approval of the deal,” the Kobeissi Letter noted.

Reportedly, Mojtaba Khamenei, son of Iran’s supreme leader, has also withheld approval.

Reports suggest a potential deal between Iran and the U.S. has stalled, despite negotiators reaching an agreement. According to a source speaking with i24NEWS, while Iranian negotiator Araghchi and the U.S. team, led by Witkoff, came to terms, those terms haven’t been approved by Iran’s top leaders. The report also mentions Mojtaba…

— *Walter Bloomberg (@DeItaone) May 28, 2026

Bitcoin Slides as Stocks Rip

Even though stocks were generally rising, Bitcoin’s price continued to fall, dropping below $73,000 to around $72,890. This represents a nearly 5% decrease over the past day.

The decline came on the same headlines that lifted equities to fresh records.

Sanctions and Naval Blockade Remain Active For Now

According to Treasury Secretary Scott Bessent, the current sanctions and naval blockade will stay in place until a formal agreement is officially signed.

The U.S. Treasury Department is maintaining its strong economic pressure on the Iranian government. This is causing significant problems, including delayed payments to military personnel, police work stoppages, and the closure of Kharg Island. As a result, the Iranian economy and its currency are rapidly declining. The situation also impacts Iran’s Persian Gulf Strait Authority…

— Treasury Secretary Scott Bessent (@SecScottBessent) May 28, 2026

He cautioned that any country helping to impose fees on ships passing through the Strait of Hormuz would be subject to financial penalties from the Treasury Department, and he specifically mentioned Oman.

The U.S. Treasury has warned that Oman, and anyone else, helping ships pay tolls to pass through the Strait will face penalties. They will strongly pursue anyone involved, whether directly or through others.

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Treasury has also moved to block both Iranian airlines from landing slots and refueling, he said.

Mark Cuban recently explained his criticism of using Bitcoin as a hedge, noting the line between stocks and Bitcoin became clearer to him. He stated he sold the majority of his Bitcoin holdings, which he bought between approximately $120,000 and $88,000, because it no longer functioned as a reliable hedge against other investments.

Mark Cuban pointed out that, based on its original idea, Bitcoin should be reaching record prices. However, it’s now behaving like a risky investment, which isn’t what it was designed to do.

Mark Cuban is bringing up the ongoing discussion about whether Bitcoin can protect against inflation. This debate became more prominent in 2026 when the price of gold rose to around $5,000, but Bitcoin’s value decreased.

Adam Back, CEO of Blockstream, pointed out that Bitcoin still increased in value by 25% from its lowest point during the recent tensions with Iran.

The next move may hinge on whether Trump signs and how quickly Tehran lifts shipping restrictions.

  • A clean handover could ease oil and reopen risk appetite, possibly lifting Bitcoin’s next move alongside equities.
  • A collapse would likely deepen the BTC slide while testing whether stocks give back Thursday’s gain.

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2026-05-28 22:32