Bitcoin, XRP give mixed reactions to Trump's 'No More Mr Nice Guy' post

The United States-Israel-Iran conflict is at a point where even memes are being taken seriously.

United States President Donald Trump posted a new meme on Truth Social on the morning of April 29, warning Iran for delaying the signing of the non-nuclear deal.

The meme had a picture of Trump holding a gun with the caption "No More Mr. Nice Guy!"

Along with the picture, he wrote,

Iran can’t get their act together. They don’t know how to sign a nonnuclear deal. They better get smart soon! President DJT

Related: US-Iran ceasefire hangs by a thread as Bitcoin, XRP steady

What's happening with the Iran nuclear deal?

Iran is pushing a phased diplomatic approach that would resolve the Strait of Hormuz standoff first, while leaving the thornier issue of its nuclear programme to be tackled later. 

Iranian Foreign Minister Abbas Araghchi has been crisscrossing the region in a 72-hour sprint across three countries, rallying partners behind the proposal before any direct engagement with Washington resumes.

Iran submitted its peace proposal to Pakistan after direct U.S.-Iran talks in Islamabad on April 11 ended without a breakthrough.

Washington, however, is not playing along with Iran's framing. 

The White House declined to confirm the details of the offer, with spokeswoman Olivia Wales making clear the administration "will not negotiate through the press."

Earlier on Sunday, Trump drew a hard line, telling Fox News that nuclear disarmament was the precondition and not the conclusion of any talks. 

"They cannot have a nuclear weapon. Otherwise, there's no reason to meet," he said.

With military operations against Iran now in their ninth week, Trump faces a May 1 deadline under the 1973 War Powers Resolution to seek congressional approval to continue. 

A bipartisan Senate effort to invoke the resolution failed 52-47 on April 15 — but the clock, like the diplomacy, is still running.

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Markets remain mixed to memes

Market reaction to the meme was slightly mixed.

As of writing, WTI crude had jumped to $103 per barrel, while Brent Crude followed suit by jumping to $115 per barrel. 

The futures market did not take the meme so seriously. In fact, S&P 500 futures and Dow Jones Futures were mostly flat but on the green side with 25 and 16 points, respectively. Nasdaq 100 futures jumped 0.28% or 77 points.

Right after the morning market bell, the S&P 500 opened around 10 points (0.10%) lower, the Dow Jones Industrial Average was down 86 points (0.18%), while the Nasdaq composite dropped 84 points (0.3%).

Crypto also held its ground, more or less.

Bitcoin (BTC) was up nearly 0.6% in the past 24 hours, trading at $76,845.87, while Ethereum (ETH) was up by 1.1% to change hands at $2,299.04. 

XRP (XRP) dropped by 0.4% to trade at $1.37 while Solana (SOL) was slightly up by 0.5% to trade at $83.86.

Cryptocurrencies and the traditional market have something more serious to look forward to today. 

The FOMC meeting is scheduled for Wednesday, with the general consensus being that the Federal Reserve will hold rates. This is also going to be Jerome Powell’s final press conference as Fed chair. 

Moreover, some important earnings reports are coming up. Amazon, Alphabet, Google, and Microsoft will report their earnings after the Wednesday market bell. 

In crypto, Robinhood (Nasdaq: HOOD) and Galaxy Digital (Nasdaq: GLXY) already shared their earnings a day earlier, with the stage now set for Riot Platforms (Nasdaq: RIOT) to do the same.

Related: US national debt surges to $38 trillion as Iran war shadows FOMC decision