The cryptocurrency market remains on edge on Monday, weighed down by weak sentiment following the collapse of negotiations to end the war between the United States (US) and Iran over the weekend.

Bitcoin (BTC) reflects the risk-off mood, declining toward the pivotal $70,000 threshold. Altcoins, including Ethereum (ETH) and Ripple (XRP), paint a similar grim picture. Ethereum is struggling to find direction, trading below $2,200 while XRP hovers around $1.32.

US-Iran peace talks fail, weighing on crypto assets

The peace negotiations between the US and Iran in Pakistan failed, with both parties leaving Islamabad on Sunday with little to show for it. US Vice President JD Vance and Iranian officials said significant differences remain amid…