Major cryptocurrency prices are falling across the board as the likelihood of a U.S.-Iran end-of-war deal being reached diminishes. Bitcoin has continued to decline after the $70,000 level broke the previous day.
As of 7:55 a.m. on the 27th, on the global coin market tracking site CoinMarketCap, bitcoin was trading at $68,790, down 3.55% from 24 hours earlier.
Over the same period, ethereum fell 5.05% to $2,063, and XRP (Ripple) was down 4% at $1.36. Solana also fell 5.47% to $86.69 in transaction.
Analysts say investor sentiment has also frozen as expectations for a U.S.-Iran end-of-war agreement have plunged. U.S. President Donald Trump raised the pressure at a Cabinet meeting that day, saying, "Taking control of Iran's oil is also an option."
On the back of fading hopes for an end to the war, New York stocks also finished lower across the board. On the 26th (local time), the Dow Jones Industrial Average fell 469.38 points (-1.01%) from the previous session to close at 45,960.11. The Standard & Poor's (S&P) 500 fell 114.71 points (-1.74%) to 6,477.16, and the tech-heavy Nasdaq composite closed down 521.74 points (-2.38%) at 21,408.08.