Tether retreats to the 191,000 toman channel in Iran while bitcoin holds above $63,000

Iran's crypto market opened a relatively balanced session on Sunday 2 August 2026, equivalent to 11 Mordad 1405, despite an escalation in tensions the previous night. The main domestic development was a fall in tether, which traded at 191,120 toman, down 1.65 percent from 24 hours earlier. The decline followed sharp gains in preceding days.

In global markets, bitcoin traded at $63,438, up 0.57 percent over 24 hours and holding above the $63,000 area. Ethereum rose 0.27 percent to $1,876, while Binance Coin moved against the broader market, falling 1.10 percent to $584.

Among altcoins, Cardano was the day's strongest performer with a 9.28 percent gain, followed by Chainlink at 2.44 percent and XRP at 1.99 percent. Dogecoin rose 0.56 percent. According to the report, traders are waiting above all for fresh macroeconomic triggers, particularly signals on US monetary policy, with the Federal Reserve's recent decision to hold interest rates steady still the single largest influence on crypto trading.