{"id":25700,"date":"2026-04-12T09:49:51","date_gmt":"2026-04-12T09:49:51","guid":{"rendered":"https:\/\/bitunikey.com\/news\/crypto-market-update-altcoins-sink-as-bitcoin-pulls-back-on-failed-talks\/"},"modified":"2026-04-12T09:49:57","modified_gmt":"2026-04-12T09:49:57","slug":"crypto-market-update-altcoins-sink-as-bitcoin-pulls-back-on-failed-talks","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/crypto-market-update-altcoins-sink-as-bitcoin-pulls-back-on-failed-talks\/","title":{"rendered":"Crypto Market update: Altcoins sink as Bitcoin pulls back on failed talks"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p><strong>Bitcoin gave up its late-week gains on April 12 after the United States and Iran failed to secure a permanent peace agreement.\u00a0<\/strong><\/p>\n<div id=\"cn-block-summary-block_3aaf0e87f5a17d70a2235032088cde3d\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Bitcoin fell sharply after US-Iran peace talks failed to produce a permanent agreement over the weekend.<\/li>\n<li>Ethereum, XRP, BNB and Solana declined as the wider crypto market turned lower today.<\/li>\n<li>RAVE rose another 40% and extended gains above 1,000% despite the broader market pullback.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>The pullback ended a steady rise that started after both sides announced a two-week ceasefire, and it pushed most major altcoins lower.<\/p>\n<h1 class=\"wp-block-heading\"><strong>Bitcoin rally loses strength after talks fail<\/strong><\/h1>\n<p>Bitcoin started the week with gains after reports said the United States and Iran had opened ceasefire talks. The asset moved from about $67,000 to $70,000 before fresh doubts around the talks brought back volatility.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>The price then climbed again after President Donald Trump announced a ceasefire on Tuesday. Bitcoin rose above $72,000 and later moved close to $73,000 as traders responded to easing geopolitical stress and fresh market speculation around the Strait of Hormuz.<\/p>\n<p>Bitcoin kept rising into the weekend as peace talks in Pakistan approached. The asset reached nearly $74,000 late on April 11, extending the recovery that followed the ceasefire news.<\/p>\n<p>That move ended early on April 12. Bitcoin fell by more than $2,000 within minutes after Vice President JD Vance said both sides had failed to reach a lasting agreement. At the time of reporting, Bitcoin traded near $71,500, down 1.5% on the day.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Ethereum, XRP and Solana move lower<\/strong><\/h2>\n<p>Most large-cap altcoins also posted losses after Bitcoin reversed. Ethereum fell about 1% but stayed above $2,200, while XRP slipped to $1.33 after a similar daily decline.<\/p>\n<p>BNB dropped below the $600 level, and Solana lost more than 2%. HYPE, Cardano and Bitcoin Cash each fell by more than 3%, while Polkadot and RAIN posted deeper losses during the broader market pullback.<\/p>\n<p>RaveDAO\u2019s native token moved against the wider market trend and rose another 40% on the day. The token has gained more than 1,000% since last Sunday and has entered the top 100 altcoins by market value.<\/p>\n<p>The total crypto market cap fell by more than $30 billion and dropped to $2.51 trillion. Bitcoin\u2019s market cap stood at about $1.43 trillion, while its market dominance remained above 57%.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin gave up its late-week gains on April 12 after the United States and Iran failed to secure a permanent peace agreement.\u00a0 Summary Bitcoin fell sharply after US-Iran peace talks&hellip;<\/p>\n","protected":false},"author":1,"featured_media":15232,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-25700","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/25700","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=25700"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/25700\/revisions"}],"predecessor-version":[{"id":25701,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/25700\/revisions\/25701"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/15232"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=25700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=25700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=25700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}