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Bitcoin slipped below $74,000 on Saturday evening after Iran rejected a second round of in-person peace talks with the United States, triggering a risk-off selloff across crypto markets.
Bitcoin (BTC) traded at approximately $73,753 on Bitstamp on April 19, 2026, down roughly 2% over the prior 24 hours. The move erased billions from total crypto market capitalization and pushed BTC out of the $74,000 to $77,000 consolidation range seen in recent sessions.
Iran’s state-run Islamic Republic News Agency confirmed Tehran’s withdrawal from a proposed second negotiating session. Iranian officials said they would not proceed due to what they described as Washington’s excessive demands, contradictory positions, and an ongoing U.S. naval blockade in the Strait of Hormuz.
The Strait of Hormuz is a key oil transit chokepoint. Disruptions there can affect global energy prices and investor risk appetite, and crypto markets have been sensitive to those signals throughout early 2026.
The first round of talks took place April 11 and 12 in Islamabad, Pakistan, lasting more than 21 hours. It did not produce a ceasefire or a nuclear agreement. U.S. Vice President JD Vance said Iran did not accept American terms, while Iranian officials characterized the session as preliminary.
After mid-April, sentiment briefly improved when President Trump indicated Iran had reached out quietly for further dialogue, lifting bitcoin toward $76,000 as risk assets recovered. Saturday’s rejection reversed that momentum.
The broader crypto market fell alongside BTC. The article cited an estimated $83 billion wiped from the broader crypto market following Iran’s refusal to negotiate.
Traders are watching BTC support and resistance levels. Charts point to support around $70,500 to $71,000 and resistance near $75,000. BTC has tested $76,000 multiple times in recent weeks but failed to hold above that level.
The development follows Trump’s Sunday warning to Iran, in which he said he no longer intends to be “Mr. Nice Guy.” Markets will look for a formal U.S. response to Iran’s rejection and any renewed effort at Pakistan-mediated talks. Until diplomacy stabilizes, crypto volatility linked to the conflict is expected to remain elevated.
By 8:30 p.m. ET, bitcoin was struggling to hold above $74,000 but had managed to do so at the time of reporting.

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