bitcoin and other major cryptocurrencies fell about 2% on Saturday night in the US, hours after Vice President JD Vance announced that US and Iranian negotiators had failed to agree on an extended ceasefire.
The sides met in Pakistan on Saturday to negotiate a deal after the United States’ nearly six-week campaign against Iran. Vance said at a later news 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 fell to $1.33, and the broader CoinDesk 20 index similarly fell to 1,188.52; each of these prices fell just under 2% immediately after Vance’s press conference.
“We have made it very clear what our red lines are, where we are willing to accommodate them and where we are not, and we have made it as clear as we can,” he said.
Sticking points included the U.S. insistence that Iran “will not pursue a nuclear weapon and will not pursue the tools that would allow it to quickly achieve a nuclear weapon,” Vance said.
