US-Iran Talks Spark Crypto Surge

A recent meeting between Iran and the US at the UN in New York has sent shockwaves through the cryptocurrency market. President Trump described the talks as 'very good'.

Bitcoin's price moved closer to its local high of $87,300 established on Monday but failed to break through it by the time of writing.

The memecoin sector, however, has seen significant gains, with a 29.2% increase in prices over the past week. Dogecoin rose by 25.36%, while TRUMP crypto gained 17.82%.

TRUMP's price action suggests that it may be due for further gains in the coming days and weeks. The asset has recovered from a pivotal level of $1.86, which was its 78.6% Fibonacci retracement level plotted onto August's rally.