US-Iran Meeting Sparks Crypto Price Surge as Memecoins Rally

The United States and Iran held a three-hour meeting at the UN in New York on September 22nd, which was described by President Trump as 'a very good meeting'. The meeting helped spark a short-term crypto price surge.

Bitcoin moved towards its local high of $87.3k but failed to break through at the time of writing. However, other assets in the market have responded well to the uptick in bullish sentiment, with memecoins rallying by 29.2% over the past week.

The memecoin sector has been particularly resilient, with Dogecoin up by 25.36% and Official Trump crypto rising by 17.82% over the same period. One asset that has been quietly climbing is Official Trump crypto, which has rebounded from its pivotal level of $1.86.

The bulls have defended this support level and pushed prices back above $2, with the MACD forming a bullish crossover above the zero line. However, the CMF remains in negative territory, sparking worry of a distribution phase above $2.5.