- The failure of negotiations between the US and Iran has negatively impacted the crypto market.
- On average, the decline in Bitcoin and altcoins was approximately 2%.
- Technical analysis points to further decline.
On April 12, many cryptocurrencies fell sharply due to the failure of US-Iran talks held in Pakistan.
US Vice President J.D. Vance сообщилThe Iranian side refused to accept the American-drafted peace terms. Iranian Foreign Ministry officials warned their counterparts against making excessive and illegal demands. Meanwhile, Israeli Prime Minister Benjamin Netanyahu maintains that the military campaign against Iran is not yet over.
Amid fears of renewed fighting in the Middle East, the digital asset market has entered a bearish trend, and эфириум fell in price by 5% in a matter of hours, Bitcoin – by 3%. A sad fate also befell Donald Trump’s Official Trump (TRUMP) memecoins, whose price decreased by 2% over the past day and dropped to a historical low of $2,78.
Trump exchange rate fluctuations
Economist Peter Schiff, criticized the US President for celebrating a fake victory over Iran, wondered The question of how much money Trump-linked insiders made from cryptocurrency trades before the fiasco in the negotiations was announced remains a hot topic. However, ordinary traders are most concerned about how long the downward trend will last.
Judging by the charts, the BTC and ETH prices are at risk of falling to their 800-hour exponential moving averages, which are located around $69,830 and $2,128, respectively. These levels are no more than 3,9% below the current asset prices, so it can be assumed that the bearish trend will fizzle out within two days if the EMA barrier holds. Otherwise, the coin prices will continue to decline.
Ethereum price likely to change
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