Crypto Market update: Altcoins sink as Bitcoin pulls back on failed talks

cryptonews04-12 17:46

Bitcoin gave up its late-week gains on April 12 after the United States and Iran failed to secure a permanent peace agreement. Summary Bitcoin fell sharply after US-Iran peace talks failed to ...

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Bitcoin fell by more than $2,000 within minutes after Vice President JD Vance said both sides had failed to reach a lasting agreement. At the time of reporting, Bitcoin traded near $71,500, down 1.5% on the day.BNB dropped below the $600 level, and Solana lost more than 2%. HYPE, Cardano and Bitcoin Cash each fell by more than 3%, while Polkadot and RAIN posted deeper losses during the broader market pullback.RaveDAO’s native token moved against the wider market trend and rose another 40% on the day. The token has gained more than 1,000% since last Sunday and has entered the top 100 altcoins by market value.The total crypto market cap fell by more than $30 billion and dropped to $2.51 trillion. Bitcoin’s market cap stood at a","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"83042":"华夏比特币-R","SETH":"1倍做空以太币期货ETF-Proshares","BITO":"比特币期货ETF-ProShares","ETCO":"Grayscale Ethereum Covered Call ETF","DIME":"CoinShares Altcoins ETF","BITQ":"Bitwise Crypto Industry Innovators ETF","BK4588":"碎股","BK1611":"加密货币现货ETF","ETHI":"Defiance Leveraged Long Income Ethereum ETF","BKCH":"AdvisorShares Sabretooth ETF","XRP":"Bitwise XRP ETF","BTC":"Grayscale Bitcoin Mini Trust","BITX":"2倍比特币期货ETF-Volatility Shares","LFGY":"YieldMax Crypto Industry and Tech Portfolio Option Income ETF","GDLC":"Grayscale CoinDesk Crypto 5 ETF","BK4601":"加密货币现货ETF","BK4585":"ETF&股票定投概念","ETQ":"T-Rex 2X Inverse Ether Daily Target ETF","BK4594":"比特币ETF概念","STCE":"Schwab Crypto Thematic ETF"},"translate_title":"加密货币市场更新：随着比特币退出失败的谈判，山寨币下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"83042":0.6,"BTC":0.6,"ETQ":0.6,"BKCH":0.61,"BITX":0.6,"ETCO":0.6,"XRP":0.73,"BITO":0.6,"LFGY":0.61,"ETHI":0.6,"DIME":1.84,"BITQ":0.61,"SETH":0.6,"GDLC":0.61,"STCE":0.61},"content_text":"Bitcoin gave up its late-week gains on April 12 after the United States and Iran failed to secure a permanent peace agreement. \n\n\nSummary\n\n\n\nBitcoin fell sharply after US-Iran peace talks failed to produce a permanent agreement over the weekend.\nEthereum, XRP, BNB and Solana declined as the wider crypto market turned lower today.\nRAVE rose another 40% and extended gains above 1,000% despite the broader market pullback.\n\n\n\nThe pullback ended a steady rise that started after both sides announced a two-week ceasefire, and it pushed most major altcoins lower.\nBitcoin rally loses strength after talks fail\nBitcoin started the week with gains after reports said the United States and Iran had opened ceasefire talks. The asset moved from about $67,000 to $70,000 before fresh doubts around the talks brought back volatility.\nThe price then climbed again after President Donald Trump announced a ceasefire on Tuesday. Bitcoin rose above $72,000 and later moved close to $73,000 as traders responded to easing geopolitical stress and fresh market speculation around the Strait of Hormuz.\nBitcoin kept rising into the weekend as peace talks in Pakistan approached. The asset reached nearly $74,000 late on April 11, extending the recovery that followed the ceasefire news.\nThat move ended early on April 12. Bitcoin fell by more than $2,000 within minutes after Vice President JD Vance said both sides had failed to reach a lasting agreement. At the time of reporting, Bitcoin traded near $71,500, down 1.5% on the day.\nEthereum, XRP and Solana move lower\nMost large-cap altcoins also posted losses after Bitcoin reversed. Ethereum fell about 1% but stayed above $2,200, while XRP slipped to $1.33 after a similar daily decline.\nBNB dropped below the $600 level, and Solana lost more than 2%. HYPE, Cardano and Bitcoin Cash each fell by more than 3%, while Polkadot and RAIN posted deeper losses during the broader market pullback.\nRaveDAO’s native token moved against the wider market trend and rose another 40% on the day. The token has gained more than 1,000% since last Sunday and has entered the top 100 altcoins by market value.\nThe total crypto market cap fell by more than $30 billion and dropped to $2.51 trillion. Bitcoin’s market cap stood at about $1.43 trillion, while its market dominance remained above 57%.\n\n\n\n\n\n                Read more:\n            \n\n                Why Pavel Durov says deleted Signal messages may not be gone            \n\n\n\n  \n\n            Disclosure: This article does not represent investment advice. 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