The news about the unsuccessful negotiations was announced by US Vice President JD Vance during the weekend. According to Vance, no agreement had been reached between Iran and the US, especially due to ongoing disagreements over nuclear issues. Following the announcement, the price of BTC fell by around 3%, revisiting the $70,000 range.
BTC Sell Volume On Binance Sees Sharp GrowthHowever, the market has historically tended to move against the majority when this type of consensus is formed. As a result of this, the dynamic is typically more subtle during bear markets. Even when it causes short-term reactions, their scope and duration are often constrained.
