Bitcoin and other major cryptocurrencies were all down about 2% late Saturday night US hours after Vice President JD Vance announced that US and Iranian negotiators had failed to agree to an extended ceasefire.
The two sides met in Pakistan on Saturday to negotiate a deal following the nearly six-week US campaign against Iran. Vance said at a press conference afterward that the United States “had not reached an agreement.”
Bitcoin traded hands around $71,600 as of press time, while ether (ETH) fell to around $2,200. XRP fell to $1.33 and the broader CoinDesk 20 index fell correspondingly to 1,188.52 – each of these prices fell just under 2% immediately after Vance’s press conference.
“We’ve made it very clear what our red lines are, what things we’re willing to accommodate them on and what we’re not willing to accommodate them on, and we’ve made that as clear as we possibly could,” he said.
Sticking points included the U.S. insistence that Iran “would not seek a nuclear weapon and they will not seek the tools that would enable them to quickly obtain a nuclear weapon,” Vance said.
