Why Is Crypto Down Today? Iran Shuts the Door on US Talks Until 2029

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Crypto gave back its morning gains after Iran ruled out talks with Washington until 2029. Bitcoin lost $65,000, oil jumped 5% and altcoins bled again.The crypto market is red again, and this time the trigger arrived in the middle of what was shaping up to be a decent session. Bitcoin traded above $65,000 this morning on reports that Iran might cut a deal with Oman to reopen the Strait of Hormuz. Hours later that optimism was gone. BTC now changes hands near $63,890, down 1.98% on the day, after Tehran signalled it has no intention of negotiating with the Trump administration at all before 2029.Bitcoin price today in USDOil did the rest. WTI crude jumped roughly 5% back to $80 a barrel, and every risk asset on the board felt it.Iran War News: What exactly did Iran say?The comments came from Majid Shakeri, an adviser to Iranian Parliament Speaker Mohammad Bagher Ghalibaf. His position, circulated widely through Iranian outlets and then amplified across financial media, is that Teh...