Bitcoin Drops 2% Amid U.S.-Iran Negotiation Stalemate

Bitcoin experienced a decline of approximately 2%, settling around $71,600 following a statement by Vice President J.D. Vance. According to NS3.AI, the announcement revealed that U.S. and Iranian negotiators were unable to reach an agreement on extending a ceasefire. This development occurred after a nearly six-week U.S. campaign against Iran, with talks taking place in Pakistan. In the wake of Vance's press conference, Ethereum (ETH) also saw a decrease, falling to about $2,200. XRP dropped to $1.33, and the CoinDesk 20 index fell to 1,188.52. The market's reaction highlights the sensitivity of cryptocurrency prices to geopolitical events and negotiations.