Crypto markets slipped on Friday after Vice President JD Vance confirmed that direct US-Iran negotiations in Pakistan ended without an agreement, reviving fears of continued conflict and uncertainty in global markets. Bitcoin dropped below $72,000, trading around $71,503 at time of writing, down 1.82% in 24 hours. Ethereum fell to $2,211, while XRP slipped to $1.32.
The halt in negotiations has renewed uncertainty across global markets, contributing to a risk-off mood that weighed on major cryptocurrencies. Market participants cite lingering geopolitical tensions and potential supply-side pressures as factors behind the latest price moves. Analysts say volatility may continue in the near term until more clarity emerges on macro and geopolitical developments. Traders may look for support around the recent levels as liquidity remains ample for now.
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