The crypto market fell 1.3% to $2.64 trillion on Tuesday as concerns over stalled U.S.-Iran peace negotiations and rising oil prices eroded investor appetite for risk assets.

Bitcoin (BTC) price crashed 2.2% from Monday’s high of $78,225 to $76,480 earlier today before settling around $76,900 at press time. Ethereum (ETH) was down 1%, trading near $2,300, while other major altcoins such as $XRP ($XRP), $BNB ($BNB), Solana (SOL), and Tron (TRX) were also in the red with losses between 1-2%. Some of the top laggards of the day were MemeCore, Zcash, and Hyperliquid, which were some of the best gainers last week.

Per CoinGlass data, over $266 million was liquidated from the total market, with $210 million resulting specifically from long…