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Bitcoin traded below $72,000 on Sunday after U.S.-Iran talks in Islamabad ended without an agreement. The failed negotiations added fresh pressure to risk assets as traders tracked the Strait of Hormuz and energy. Bitcoin slipped under its 50-day simple moving average, while relative strength weakened.
U.S. Vice President JD Vance said the American delegation left Pakistan after 21 hours of direct talks with Iran without reaching a deal. The discussions were the highest-level face-to-face engagement between Washington and Tehran in years and focused on Iran’s nuclear program, sanctions, war-related demands, and access through the Strait of Hormuz.
Reports said one of the main sticking points remained the Strait of Hormuz. Iranian officials also continued to oppose U.S. demands tied to nuclear restrictions. Vance said Iran had not accepted U.S. terms, while Iranian officials said Washington had made “excessive demands.”
President Donald Trump also reacted after the talks ended. He said it “makes no difference to me” whether a deal is reached. Markets focused on that remark because it did not point to immediate follow-up diplomacy after the failed round of talks.
Bitcoin dropped back under $72,000 as the geopolitical headline hit sentiment across crypto markets. According to Market data, Bitcoin traded near $71,500, while Ether traded around $2,215. XRP also moved lower during the same period.
From a chart view, the break below the 50-day simple moving average marked a notable change in the recent setup. Earlier pullbacks during the April rebound had held above that area. The latest move pushed the price below it, turning a recent support zone into near-term resistance.
RSI dropped to 36, a small recovery attempt went nowhere, and Bitcoin stayed below the moving average. leaving traders focused on whether Bitcoin can regain that level quickly.
The market reaction also reflected concern about the Strait of Hormuz. Around one-fifth of the world’s seaborne oil moves through the strait, so any prolonged disruption can keep pressure on oil prices and inflation expectations.
Recent reports said a few tankers had resumed transit, but traffic remained heavily disrupted, and many vessels were still waiting in the Gulf. U.S. forces also began operations tied to safer navigation in the waterway after weeks of tension.
For Bitcoin, traders are now watching the $71,000 to $71,200 area as nearby support. A hold above that range would keep the broader April rebound in place, though in weaker form. A deeper move lower could shift attention toward the next support zone near $68,000, while a recovery back above the 50-day average would help steady the short-term outlook.
