Gloomy! Bitcoin Drops 3 Percent After Failed US-Iran Peace Talks, Briefly Surpasses Rp1.25 Billion

Crypto assets faced significant pressure after peace negotiations between the United States (US) and Iran failed to reach an agreement. This situation triggered selling in risk assets, including Bitcoin, which fell around 3 percent to the US$70,000 range. According to Yahoo Finance, Bitcoin opened down 3.2 percent at US$70,741.30 or approximately Rp1.21 billion (estimated exchange rate of Rp16,190 per US dollar) during Monday’s trading session, 13 April 2026. By 07:28 local time, Bitcoin’s price had edged up slightly to US$70,872.20. Pressure also hit Ethereum. The second-largest cryptocurrency dropped to US$2,191.66 or equivalent to Rp37.66 million, eroding 4.1 percent over the past 24 hours. Ethereum’s price then weakened slightly to US$2,186.45 or around Rp37.57 million. Negative sentiment stemmed from escalating geopolitical tensions. US President Donald Trump ordered a blockade of ships transiting the Strait of Hormuz to Iranian ports following the failed peace talks over the weekend. This move worsened market sentiment and dampened investor interest in risk assets like crypto. Additionally, rising inflation in the US further burdened price movements. TipRanks reported that the crypto market had moved positively in trading ahead of the weekend. Bitcoin had briefly broken through the US$73,000 level or around Rp1.25 billion on Friday, 10 April 2026. This rise responded to news of a temporary ceasefire between the US and Iran. On a weekly basis, Bitcoin still recorded a gain of around 10 percent from the US$66,000 level at the start of April. Michael Saylor assessed that Bitcoin had reached its low point at US$60,000 and was ready to continue its upward trend. This view contrasts with analysts’ projections, who warn Bitcoin holders not to be complacent as there are few short-term catalysts for Bitcoin and other cryptocurrencies. Over the past three months, Bitcoin had dropped as much as 22 percent amid selling that began in October 2024. Under these conditions, crypto movements remain highly dependent on global geopolitical developments and the direction of economic policies, particularly US manoeuvres.