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White House denies Iran-US draft deal, Bitcoin dips below $75K amid market uncertainty

Market News
27 May 2026
Coinpaper
View Source
Bearish
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The White House has refuted Iranian state media claims of an initial draft memorandum of understanding between the US and Iran, calling it a "complete fabrication." The disputed draft reportedly involved troop withdrawals and reopening the Strait of Hormuz for commercial shipping. Despite ongoing negotiations, no agreement has been reached, causing uncertainty in global markets. Oil prices fell after the report but the denial raised doubts about progress. Bitcoin dropped below $75,000, pressured by unclear geopolitical developments, while XRP showed signs of a possible rebound near $1.33 amid mixed market sentiment.

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