Bitcoin and other major cryptocurrencies slipped roughly 2% late Saturday U.S. hours after U.S. and Iranian negotiators failed to reach an extended ceasefire.
Markets reacted quickly when Vice President J.D. Vance announced that talks in Pakistan had ended without an agreement following the U.S.’s nearly six-week campaign against Iran. “We have not reached an agreement,” Vance said at a press conference, adding that Washington had made “very clear what our red lines are” and what it would and would not accept. He stressed a U.S. requirement that Iran “not seek a nuclear weapon and they will not seek the tools that would enable them to quickly achieve a nuclear weapon.”
Price snapshot after the announcement: bitcoin traded near $71,600, ether around $2,200, and XRP about $1.33. The CoinDesk 20 index also tumbled to 1,188.52 — declines of just under 2% across the board in the immediate aftermath of Vance’s remarks.
Iran’s Foreign Ministry spokesperson Esmaeil Baqaei posted on X that “numerous messages and texts have been exchanged,” and that the past 24 hours included discussions on 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.”
Geopolitical uncertainty often prompts short-term swings in crypto markets as traders reprice risk, and Saturday’s failed negotiation appears to have triggered a modest risk-off move. (UPDATE April 12, 2026, 02:46 UTC: Adds Iranian official’s post.)
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