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US President Donald Trump said a deal to end the fighting between the US and Iran is scheduled to be signed on Sunday, despite officials in Tehran previously casting doubt on the timeline.\u00a0<\/p>\n
\u201cThe Deal is scheduled to get signed tomorrow, and immediately after it is signed, the Hormuz Strait is OPEN TO ALL,\u201d said<\/span><\/a> Trump on Truth Social on Saturday.\u00a0<\/p>\n Source: <\/em>Donald Trump<\/em><\/span><\/a><\/p>\n Pakistan, which is mediating talks between the US and Iran, also signaled<\/span><\/a> an agreement could be reached within 24 hours.\u00a0<\/p>\n The deal, a memorandum of understanding, is expected to extend the ceasefire between the US and Iran for 60 days and reopen the Strait of Hormuz.\u00a0<\/p>\n The naval blockade has choked 20% of the world\u2019s supply of oil and liquefied natural gas, which has led to higher global asset prices and a sentiment shock that has pressured crypto markets<\/a> for months.\u00a0<\/p>\n \u201cWe are closer to a peace deal than ever before,\u201d Pakistani Prime Minister Shehbaz Sharif said on X on Saturday. \u201cWith finalisation likely expected in the next 24 hours, Pakistan is preparing for the electronic signing of the peace deal immediately after, followed by technical level talks next week.\u201d\u00a0<\/p>\n Iran has not confirmed the Sunday signing.\u00a0<\/p>\n Iranian Foreign Ministry spokesperson Esmaeil Baghaei told state media earlier that the memorandum wouldn\u2019t be signed on Sunday, but could happen \u201cin the coming days.\u201d\u00a0<\/p>\n \u201cWe will have to wait and see about the exact date of the signing of the memorandum of understanding, although it will not be tomorrow,\u201d Baghaei said.<\/p>\n Crypto analyst Micha\u00ebl van de Poppe said<\/span><\/a> a peace deal between Iran and the US will likely prompt a surge in Bitcoin<\/span><\/a>, along with positive ETF flows.\u00a0<\/p>\n Spot Bitcoin exchange-traded funds (ETFs) recorded<\/span><\/a> about $315.84 million in net outflows for the week ended Friday, marking the fifth consecutive week of outflows for the Bitcoin-linked crypto funds.\u00a0<\/p>\n Related: <\/strong><\/em>Bitcoin tags $63.2K as BTC price action ignores inflation, Iran Hormuz closure<\/strong><\/em><\/span><\/a><\/p>\n \u201cLiquidity will pour back into risk-on assets as liquidity will seek for an opportunity and after SpaceX IPO was done, most likely this will go towards crypto,\u201d he added.\u00a0<\/p>\n On Wednesday, CoinShares head of research James Butterfill told Cointelegraph the recent outflow<\/span><\/a> from digital asset investment products was being primarily driven by geopolitics, with uncertainty around the Iran conflict weighing on the outlook for interest rates.<\/p>\n Bitcoin was trading at $64,491 at the time of writing, up 1.5% over the past 24 hours.\u00a0<\/p>\nAnalysts say peace deal will benefit crypto<\/h2>\n