The White House has rejected an Iranian state media report claiming a draft memorandum of understanding between the U.S. and Iran, injecting fresh uncertainty into global markets and pressuring crypto assets. A rapid response post on X labeled the report “not true” and the circulated draft a “complete fabrication.”
Iranian state television had alleged terms including U.S. military withdrawal from the region, a lifted naval blockade on the Strait of Hormuz, and a restoration of commercial shipping within one month. The report came as Secretary of State Marco Rubio confirmed ongoing negotiations in Qatar and stressed the Strait’s reopening remains non-negotiable, calling current restrictions unlawful and unsustainable.
Oil prices initially slipped on the unverified report, with U.S. crude falling below $89 per barrel, but the White House denial added doubt about whether the decline reflected genuine progress. Risk assets, including cryptocurrencies, have been highly sensitive to the U.S.-Iran talks, as a durable settlement could ease oil costs and inflation fears.
Bitcoin traded near $74,945, down 2.88% intraday after briefly breaking below the $75,000 level, its seven-day low. The failure to reclaim the $78,500–$80,000 resistance zone leaves the market fragile. Binance funding rates remain positive, signaling excessive long leverage, while taker buy volume has waned — creating a setup vulnerable to forced liquidations if $74,000 breaks.
XRP hovered around $1.332, with a TD Sequential buy signal on the four-hour chart hinting at a possible rebound toward $1.35. On-chain data shows XRP’s 30-day MVRV has dropped to its lowest level since December 2020, reflecting heavy short-term seller exhaustion. Immediate resistance sits at $1.336; a close above could open a path to $1.346 and $1.370.
