US-Iran Ceasefire Talks Collapse, Cryptocurrency Market Declines

Negotiations between the United States and Iran have reached an impasse, with no agreement reached after marathon talks in Islamabad, Pakistan.

The breakdown of the ceasefire talks has led to a decline in the cryptocurrency market, with bitcoin falling to the $70,000 range. Ether also weakened, slipping to around $2,190.

The two sides offered different accounts of who was responsible for the breakdown, but both agreed that control of the Strait of Hormuz and Iran's nuclear programme remain key issues to be resolved.