The cryptocurrency market witnessed a sharp wave of liquidations following uncertainty regarding the implementation of the recently announced US-Iran deal. This resulted in the loss of over $192 million in leveraged positions across Bitcoin, Ethereum, and XRP.
Cryptocurrency liquidations increase as US-Iran deal falters
according to Queen Glass According to the data, more than $101 million of losses were from buys as the cryptocurrency market continued its downward trend due to geopolitical tensions. Ethereum saw the most liquidations at over $43 million, followed by Bitcoin at around $41 million. Long-term XRP traders lost more than $3 million.
In this context, the scheduled follow-up talks between Washington and Tehran were postponed. This increased the volatility of the cryptocurrency market. American and Iranian officials were scheduled to do so We meet in Switzerland on Friday for the next steps of the agreement, but US Vice President J.D. Vance canceled his trip there.
The White House explained the reasons behind the decision, saying that the logistics of the negotiations were not “simple or predictable.” In a later statement, the Swiss authorities confirmed that the talks had been postponed, but preparations were continuing for future talks.
The delay occurred days after US-Iran talks led to the signing Memorandum of Understanding Cessation of hostilities and resumption of diplomatic relations between the two countries. The US-Iranian agreement includes pledges to achieve regional stability, ease sanctions, rebuild and hold future talks on the Iranian nuclear program.
The Israeli-Lebanese conflict is in focus
Although there was a diplomatic breakthrough, the situation in the Middle East was tense. Clashes between Israel and Hezbollah It did not stop after the agreement was announced, and both sides launched attacks before the ceasefire was finally confirmed.
Later, IDF spokesman Brigadier General Evi Devrin said:We are in a ceasefire. The Israeli army is ready to continue fighting if asked to do so.”
There were also differences in comments between the leaders of Iran and the United States. In an interview with Ammar Qadri, Iran’s Supreme Leader, Mojtaba Khamenei, approved the deal while saying he had a “different point of view” on the issue. On the other hand, US President Donald Trump denounced accusations that Washington tried to sit at the table from a weak position.
The geopolitical uncertainty surrounding the US-Iran agreement shook the cryptocurrency market, sending Bitcoin soaring to the $62,000 level. But it has since stabilized at that rate and has not declined further.
