Bitcoin (BTC) hovers near $64,000 at the time of writing on Wednesday, buoyed by a marginal improvement in crypto sentiment amid growing optimism that the United States (US) and Iran could potentially reach an agreement to open the Strait of Hormuz this week.

Ethereum (ETH) mirrors Bitcoin’s neutral-to-bullish outlook, trading toward $1,900. However, Ripple (XRP) showcases structural weakness, falling for three straight days to trade around $1.07.

Trump eyes potential deal with Iran

US President Donald Trump told reporters on Tuesday that negotiations with Iran are “moving along very nicely,” while adding that more information would be released in 48 hours.

“Could happen. Tomorrow or the next day. A lot of progress has been made,”…