Bitcoin and different main cryptocurrencies all fell round 2% late Saturday night U.S. hours after Vice President J.D. Vance introduced that U.S. and Iranian negotiators had didn’t comply with an prolonged ceasefire.
The events met in Pakistan Saturday to barter an settlement after the U.S.’s practically six-week lengthy marketing campaign towards Iran. Vance mentioned at a press convention afterward that the U.S. had “not reached an settlement.”
Bitcoin traded arms round $71,600 as of press time, whereas ether (ETH) fell to about $2,200. XRP slid to $1.33, and the broader CoinDesk 20 index equally fell to 1,188.52 — every of those costs fell just below 2% within the speedy aftermath of Vance’s press convention.
“We have made very clear what our purple strains are, what issues we’re prepared to accommodate them on and what we’re not prepared to accommodate them on, and we have made that as clear as we presumably might,” he mentioned.
Sticking factors included the U.S.’s insistence that Iran would “not search a nuclear weapon and they won’t search the instruments that may allow them to rapidly obtain a nuclear weapon,” Vance mentioned in response to a press query.
Esmaeil Baqaei, the spokesperson for Iran’s Ministry of Overseas Affairs, mentioned in a submit on X (previously Twitter) that “quite a few messages and texts have been exchanged.”
“Previously 24 hours, discussions had been held on varied dimensions of the primary negotiation matters, together with the Strait of Hormuz, the nuclear challenge, struggle reparations, lifting of sanctions, and the whole finish to the struggle towards Iran and within the area,” he mentioned.
UPDATE (April 12, 2026, 02:46 UTC): Provides Iranian official’s submit.