Trump Cancels US-Iran Talks, Crypto Market Sees Price Drop

US President Donald Trump has cancelled the planned meeting between the US delegation and Iranian authorities in Pakistan.

The decision comes as tensions rise between the two countries, with Trump citing 'infighting' and 'confusion within their leadership' as reasons for cancelling the trip.

The ceasefire between the US and Iran was extended last week, but talks have been unsuccessful so far. The US delegation, led by Jared Kushner and Steve Witkoff, was scheduled to meet with Iranian authorities in Islamabad, Pakistan.

Trump's announcement is likely to put pressure on the crypto market, which saw a price drop after the announcement. Bitcoin (BTC) was rejected at nearly $78,000 and driven south by almost a grand. The real volatility typically arrives on Sunday evenings and Monday mornings when the legacy spot and futures markets start to open.