Bitcoin and other major cryptocurrencies all fell around 2% late Saturday in the United States, hours after Vice President JD Vance announced that U.S. and Iranian negotiators had failed to agree on an extended ceasefire.
The sides met in Pakistan on Saturday to negotiate a deal after the nearly six-week U.S. campaign against Iran. Vance said in a subsequent press conference that the United States had “not reached an agreement.”
Bitcoin was trading around $71,600 at press time, while ether (ETH) fell to around $2,200. XRP slipped to $1.33, and the broader CoinDesk 20 Index also fell 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, where we’re willing to accommodate them and where we’re not willing to accommodate them, and we’ve made it as clear as possible,” he said.
Sticking points include the United States’ insistence that Iran “will not seek nuclear weapons and that it will not seek the tools that would allow it to quickly achieve a nuclear weapon,” Vance said.
