The cryptocurrency market commenced the week’s trading lackluster, with Bitcoin (BTC) struggling to hold above $80,000 support as optimism for a United States (US)-Iran final peace agreement faded amid emerging challenges in the negotiations.

Altcoins exhibited exhaustion, as evidenced by Ethereum (ETH) sliding from its weekly high at $2,375 and Ripple (XRP) testing support at $1.45 after being rejected from the $1.50 supply range.

Trump rejects Iran’s peace proposal

US President Donald Trump has rejected Iran’s latest proposal to end the war, describing it as “totally unacceptable.” The proposal delivered to the White House through Pakistani mediators was a counteroffer to a one-page US memorandum outlining a phased approach to…