The decline of Bitcoin as negotiations between the US and Iran stall

Bitcoin fell due to concerns over stalled peace talks between the United States and Iran and heightened tension in the key Strait of Hormuz, reducing demand for risk assets. U.S. President Trump said on Fox News on Sunday that he would not send a U.S. envoy to Pakistan for talks with Iran. He said if Iran wants to talk, they can call or "come find us." Trump also said that Iran's oil pipeline could face explosion risk due to blockages in about three days. Meanwhile, Iran's Tasnim News Agency reported on Sunday that the Islamic Revolutionary Guard of Iran boarded two container ships near the strait. According to data from the London Stock Exchange Group, Bitcoin fell by 0.8% to $77,627.