The cryptocurrency market remains on edge on Tuesday, following a sharp recovery the previous day. Bitcoin (BTC) is holding above $70,000, Ethereum (ETH) above $2,100, and Ripple (XRP) above $1.40. Despite the subtle gains, further recovery appears limited amid concerns about the war in the Middle East.

Iran denies talks with the US, putting Bitcoin’s recovery at risk

The Middle East war continues to take center stage with Iran refuting claims made by United States (US) President Donald Trump that the two nations are engaging in talks.

Trump said that talks with Iran are “very good and productive” and will continue amid a five-day pause on planned strikes on Iranian power plants and energy infrastructure.

“As talks continue this…