TLDR Tech / Crypto
Crypto Markets Slide as US-Iran Ceasefire Talks Collapse
Major cryptocurrencies dropped roughly 2% late Saturday after Vice President Vance announced that US and Iranian negotiators failed to reach an extended ceasefire following six weeks of US military operations, with BTC sliding to $71,600, ETH to $2,200, and XRP to $1.33. Earlier in the week, a Trump-announced two-week ceasefire had pushed BTC to $72,700, triggering approximately $600 million in leveraged futures liquidations, the majority from short sellers. The failed-talks selloff reversed most of those ceasefire gains, pulling prices back toward the two-month trading range where BTC has held near $69,000 and ETH near $2,130. Prices have tracked geopolitical news flow rather than onchain or protocol catalysts.
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