The sharp decline in Bitcoin and altcoins continues: Rubio's statement on Iran

Following the sharp sales in the cryptocurrency market last week, the new week opened with a decline.

While Bitcoin fell to 73 thousand dollars, Ethereum saw 2 thousand 60 dollars, Solana 85 dollars and XRP 1.10 dollars.

The selling wave came as the opening hour of Asian markets approached. Negative statements regarding the diplomatic negotiations between the USA and Iran also attracted attention in this process.

Rubio: Iran's demands are unacceptable

US Secretary of State Marco Rubio said that the talks with Iran were not productive. Rubio described the demands of the Tehran administration as unacceptable and stated that some of them were extremely extreme and absurd.

The statements may undermine expectations that an agreement could be reached between the USA and Iran in the near future.

Critical issues such as the nuclear program, economic sanctions and the reopening of the Strait of Hormuz stand out in the talks between Washington and Tehran.

It is considered that the re-emergence of geopolitical uncertainty following Rubio's statements may have increased the selling pressure in the cryptocurrency market.

On the other hand, the background of the declines in Bitcoin and altcoins is not limited to the developments in the Middle East.

Last week, there were sharp sales in the shares of technology and artificial intelligence companies in the US stock markets. Investors' move away from risky assets also increased losses in the cryptocurrency market.

Money outflows from spot Bitcoin ETFs and liquidations in leveraged transactions were also among the factors that strengthened the pressure on the market.

In the new week, all eyes are on the statements coming from the US-Iran talks and the opening of Asian stock markets. How the American stock markets will start the week will also be followed closely in terms of the short-term course of the cryptocurrency market.