Bitcoin and other major cryptocurrencies slid about 2% late Saturday U.S. time after U.S. and Iranian negotiators failed to reach a ceasefire agreement.
Markets wiped out recent gains as Vice President J.D. Vance told reporters the talks in Pakistan “did not reach an agreement.” The negotiations followed nearly six weeks of U.S. military action against Iran, and were intended to secure an extended halt to hostilities.
Price moves
- Bitcoin, which had been quoted around $71,793.59, traded near $71,600 at press time, down roughly 2%.
- Ether fell to about $2,200.
- XRP slid to $1.33.
- The CoinDesk 20 index dropped to 1,188.52.
Vance said the U.S. had “made very clear what our red lines are, what things we are willing to accommodate them on and what we’re not willing to accommodate them on,” and that sticking points included U.S. demands that Iran “not seek a nuclear weapon and they will not seek the tools that would enable them to quickly achieve a nuclear weapon.”
Iran’s foreign ministry spokesman Esmaeil Baqaei posted on X that “numerous messages and texts have been exchanged” and that talks over the past 24 hours covered the Strait of Hormuz, the nuclear issue, war reparations, lifting of sanctions, and “the complete end to the war against Iran and in the region.”
UPDATE (April 12, 2026, 02:46 UTC): Adds Iranian official’s post.
Read more AI-generated news on: undefined/news
