NewsHK

Crypto Markets Rally on Trump Iran-Deal Optimism as Analyst Flags SpaceX IPO Risk

5/29/2026

Bitcoin, Ethereum, XRP, and Dogecoin all posted gains after President Donald Trump signalled progress toward an Iran deal, lifting risk appetite across markets.

One analyst cautioned separately that a SpaceX initial public offering would prove "tricky" for broader market conditions.

Geopolitics Pulls the Lever The moves in $BTC, $ETH, $XRP, and $DOGE traced directly to macro sentiment rather than any on-chain development or protocol change — a pattern that veteran crypto watchers will recognise from past cycles.

When Trump's remarks suggested a diplomatic opening with Iran, the implied reduction in geopolitical risk fed through to assets that have increasingly traded alongside high-beta equities.

Keep reading

Read the full story

Open on NewsHK