Bitcoin (BTC-USD), Ethereum (ETH-USD) Open Lower Despite U.S.-Iran Truce Extension News

Bitcoin and Ethereum opened at their lowest levels of the week on Friday, May 29, 2026, defying news that a 60-day extension of the U.S.-Iran truce was awaiting the president’s signature. Bitcoin (BTC-USD) fell 1.1% to $73,525.74 at the open, while Ethereum (ETH-USD) declined 0.7% to $2,006.97. By 7:42 a.m. ET, bitcoin had slipped to $73,381.81 and ether to $2,003.66. The declines capped a week of risk aversion sparked by U.S. military strikes on Iranian drone sites. The potential truce, which could ease tensions and reopen the Strait of Hormuz, may fuel a weekend crypto rally as de-escalation signals draw investors back. Separately, the Federal Housing Finance Agency ordered Fannie Mae and Freddie Mac to begin counting cryptocurrency as an asset for mortgage qualification, marking a regulatory shift toward mainstream acceptance.