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Vice President Vance holding a press conference
As peace talks between the United States and Iran ultimately collapsed, major virtual assets, including Bitcoin, collectively fell by around 2%, shaking the market immediately.
According to cryptocurrency media outlet CoinDesk on April 12 (local time), US Vice President J.D. Vance announced that the US and Iranian delegations failed to reach a further ceasefire agreement after a day of talks in Pakistan.
Immediately after this announcement, Bitcoin fell by approximately 2% to around $71,600, and Ethereum dropped to about $2,200. XRP (Ripple) also declined to $1.33, and the CoinDesk 20 index fell to 1,188.52, indicating a widespread market downturn.
The negotiations were arranged to de-escalate tensions after approximately six weeks of US military operations against Iran, but the two sides failed to narrow differences on key issues. Vice President Vance explained that the US-proposed condition of "prohibiting nuclear weapons development" was a major stumbling block.
He stated at the press conference that the US clearly presented acceptable and unacceptable conditions, but the two sides could not reach an agreement on them. This implies that geopolitical uncertainty has not yet been resolved.
Ultimately, the collapse of these negotiations stimulated market risk aversion sentiment, acting as a short-term downward pressure. Investors are expected to continue with a conservative approach, closely monitoring the resumption of future negotiations and changes in the Middle East situation.
*Disclaimer: This article is for investment reference only and we are not responsible for any investment losses based on it. This content should be interpreted for informational purposes only.*
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