# The market capitalization of all coins jumped by over 2% to $2.56 trillion.

*fintech · news · 2026-05-24 · Benzinga*

## Key points

- Crypto market capitalization rose over 2% to $2.56 trillion due to US-Iran deal speculation.
- A US-Iran deal could lower inflation and prompt the Fed to cut interest rates soon.
- Technical analysis shows Bitcoin's rising wedge pattern, indicating possible downside ahead.
- Strong opposition in the Senate and Trump's unpredictability make a US-Iran deal uncertain.

Crypto Market Rally Triggered By Potential US-Iran Deal The market capitalization of all coins jumped by over 2% to $2.56 trillion. This rally was triggered in part by President Donald Trump‘s touting a potential deal between the US and Iran. A US-Iran deal would be highly bullish for the crypto market because of its impact on inflation and the Federal Reserve. It would lower inflation, making it easier for the Fed to cut interest rates in the coming months. That would be significant, as the Fed has signaled its willingness to raise interest rates should inflation remain elevated. In a Friday statement, Christopher Waller, a longstanding advocate of rate cuts, said he would support hikes if inflation stayed high. Bitcoin and other altcoins normally do well in a period when the Fed is either cutting interest rates or when it has signaled that it will slash them over time. Cryptocurrencies Face Some Major Risks Still, the ongoing crypto market rally faces some major risks ahead. For example, there are technical risks, especially now that Bitcoin has formed a rising wedge pattern on the daily chart. This pattern points to more downside over time. Most importantly, it remains unclear whether a US-Iran deal will materialize. Trump is known to change his mind frequently, so any agreement should only be considered confirmed once he makes it public himself. Trump may be pushed to striking Iran as some of his top allies in the Senate have blasted the 60-day ceasefire. They argue that the deal would hand Iran billions of dollars, which it will use to fund its proxies and its missile program. Also, they note that Iran will continue making money through tolls at the Strait of Hormuz. A collapse of the Iran-US deal and a return to war would lead to a steeper crypto crash. Image: Shutterstock

**Countries:** United States, Iran

[Read the full story on Benzinga](https://www.benzinga.com/crypto/cryptocurrency/26/05/52764089/crypto-market-rally-sparks-as-crude-oil-plunges-amid-us-iran-deal-hopes)

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