🚨 Will crypto market crash as U.S.-Iran peace negotiations hit a deadlock?
Crypto prices remained subdued as fading U.S.-Iran peace hopes kept Bitcoin range-bound and weighed on overall market sentiment.
Ongoing naval blockade and stalled negotiations pushed oil prices higher, raising macro uncertainty and keeping investors in a wait-and-watch mode.
Analysts remain divided, with derivatives data signaling caution while some expect a potential short squeeze if Bitcoin breaks key resistance near $80,000.
Bitcoin
btc 0.07%
Bitcoin price traded sideways between $77,000 and $79,000 over the past 24 hours before consolidating around $77,700 at press time, down 0.6% in the period. Ethereum Ethereum
eth-0.71%
Ethereum was down 1.5%, exchanging hands at $2,314, while XRP
xrp0.94%
bnb 0.32%
BNB, and Solana
sol-0.39%
Solana saw less than 1% sideways movement on the day. The global crypto market cap was down 0.2% at $2.68 trillion, indicating subdued interest from investors.
This trend is likely from traders entering a wait-and-watch mode as the odds of peace between the U.S. and Iran look rather slim while both continue with their back-and-forth escalation at the Strait of Hormuz.
Per recent reports, U.S. President Donald Trump has noted that the U.S. is under no pressure to end the war with Iran, though a failure to reach terms could likely lead to a heavy attack on Iranian infrastructure.