Crypto prices moved lower Thursday as US President Donald Trump refused to rush a peace deal with Iran, keeping uncertainty high.
Bitcoin traded near $69,170, down 2.3% on the day after falling close to $68,000 earlier. Ethereum dropped 4.4% to $2,070, while XRP and other majors stayed under pressure with losses in the 3% to 5% range. Solana fell 5% to $86.
The move tracked weakness in US equities. The S&P 500 closed down 1.7%, the Nasdaq fell over 2.3%, and the Dow dropped 470 points.
Before markets opened, Trump warned Iran to move faster toward a deal, stating there would be no turning back if talks failed. Later, he said Iran was pushing for an agreement, not the US, and made clear he was not in a rush.
At the same time, mixed signals came from both sides. The US presented a 15-point framework through intermediaries, while Iran’s foreign minister said there was no intention to negotiate for now.
After markets closed, Trump said talks were going well and extended a pause on strikes against Iranian energy infrastructure by up to 10 days. That helped crypto recover slightly from intraday lows.
Bitcoin started the week above $71,000 after Trump paused military action earlier, but sentiment reversed as no clear deal emerged.
Prediction market data shows a shift in sentiment. Traders now see a 52% chance of Bitcoin falling to $55,000 next, compared to a move toward $84,000.
At the same time, oil markets moved higher. Brent crude jumped 5% to $107 per barrel, with traders pricing a high chance of a spike toward $120.
On the other hand, David Sacks stepped down from his role as AI and crypto advisor after completing his 130-day term. He will now join the President’s Council of Advisers on Science and Technology.
Sacks had been closely involved in shaping crypto and AI policy during Trump’s current term. His shift comes as markets deal with macro risk and rising geopolitical tension.
Related:
