The 21-hour negotiations between the US and Iran failed to reach a consensus, causing bitcoin to drop nearly 2%.

Foresight News reported, citing Golden Ten Data, that on April 12 local time, U.S. Vice President Vance held a press conference in Islamabad, Pakistan, stating that after about 21 hours of “substantive discussions” between the U.S. and Iran, significant differences remained and no agreement was reached. The U.S. delegation will return to the United States. According to Bitget market data, possibly influenced by this news, Bitcoin fell and touched 71,312 USDT, currently quoted at 71,750 USDT, with a decline of about 1.96% in the past hour.

Vance pointed out that the main reason no agreement was reached in the negotiations was Iran’s failure to make a clear commitment to permanently renouncing the development of nuclear weapons and related technologies, which is a core demand from President Trump. The U.S. has put forward a final proposal and is waiting for the other side’s response. Vance thanked Pakistan for mediating and emphasized that the failure of the negotiations has a greater impact on Iran. There has been no response from Iranian officials yet.